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Why Apple, Amazon, and Meta Platforms All Fell on Microsoft's AI News

Why Apple, Amazon, and Meta Platforms All Fell on Microsoft's AI News

The artificial intelligence company will help power a Bing chat product that could upend the search business and advertising with it. Shares of Apple (NASDAQ: AAPL) fell as much as 2.3% in trading Wednesday, Amazon (NASDAQ: AMZN) dropped 3.3%, and Meta Platforms (NASDAQ: META) fell up to 4.5%.