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Tech Stocks Slide As Nasdaq 100 Nears Correction Driven By AI Spending Fears

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A trader works on the floor of the New York Stock Exchange during the afternoon of December 10, 2014 in New York City. Andrew Burton/Getty Images KEY POINTSThe tech-heavy Nasdaq-100 index approached correction territory, dropping roughly 10% from its June record high. South Korea's Kospi index suffered a rapid bear-market decline driven by the volatility of AI chipmaker stocks.

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