European Shares Dip on AI Cost Worries
European shares dropped slightly as technology stocks fell due to rising artificial intelligence investment concerns. Despite the decline, the benchmark index remained on track for its strongest monthly gain since June.
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European shares fell 0.29% to 647.23 points on Friday morning as tech stocks retreated. The pan-European STOXX 600 index remained on track for its best monthly gain since June. Corporate earnings growth underpinned the broader market despite renewed anxiety over high artificial intelligence spending costs.
