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00:02Amazon and NVIDIA entered correction territory on Tuesday as tech stocks continued to fall,
00:07according to MarketWatch. Amazon has lost the gains from its third-quarter earnings as
00:12investors shift focus from AI optimism to rising concerns about the cost of Amazon's AI build-out
00:17and its recent $15 billion debt deal. NVIDIA shares continued to sell off ahead of its earnings
00:23report on Wednesday. Jeffrey strategist Jeffrey Favuza said expectations are clear,
00:28but noted strong excitement and predicted a buy-the-dip mindset if earnings act as a clearing
00:34event. Tesla is in a correction, and Meta has been in a bear market since November 4th as more big
00:39tech stocks fall out of favor. Broadcom and advanced micro devices entered corrections earlier this
00:45month, while Oracle has been in a bear market since October 30th. Apple and Alphabet have held
00:50up better, each down less than 3% from recent highs. For all things money, visit Benzinga.com.
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