S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff
Investors sold AI and chip shares after Meta’s spending plans deepened concerns that heavy capital outlays could squeeze profits.
- On Thursday, Wall Street's main indexes opened lower as growth stocks faced renewed pressure following earnings from Tesla and Meta, while Brent crude rebounded above $111 a barrel.
- AI-Related stocks have been shaky amid worries that the industry's boom faces threats from high borrowing costs for data centers and chips needed to fuel expansion.
- Nvidia dropped 4.3 per cent as the largest chip stock by market value; CoreWeave fell 9.6 per cent amid debt concerns. JPMorgan traders cited "the still fragile narrative around AI financing concerns" in a note.
- Investors sought safety in government bonds Thursday, pushing the 10-year Treasury yield down to 4.98 per cent from 5.13 per cent on Wednesday as the S&P 500 and Nasdaq Composite declined.
- Oil prices hit their highest levels since May amid uncertainty over the war with Iran, as Procter & Gamble CEO Shailesh Jejurikar said the company expects "geopolitical and economic challenges" to continue.
109 Articles
109 Articles
The fear of an expensive AI race is sending the US stock exchanges down. Especially technology values are under pressure. Bond yields are clearly declining.
New York, Oct 22 (EFE).- Wall Street closed this mixed Thursday, with a marked drop in the Nasdaq technology index due to recurring doubts about the profitability of investments in artificial intelligence (AI), as well as the surge in oil prices due to rising geopolitical tensions in the Middle East. At the close of the park, [...] The Wall Street entry closes mixed in the face of doubts about AI and Meta falls 6.98 % was first published in Hola…
Reforma
elnorte.comThe Nasdaq index went back 2.6%, up to 26 thousand 008.86 points, dragged by the collapse of 7% of Meta and 9% of SpaceX.
Wall Street fell on Thursday, after investors analyzed the results of large technology companies such as Meta and Tesla, while there was a strong rise in oil prices, debt market tensions and growing doubts about the financing of artificial intelligence (AI).
informacion.es
Wall Street has closed the session with heavy losses, burdened by big technology and doubts about the profitability of spending on artificial intelligence. Nasdaq has receded by 2.90%, its biggest daily fall since the end of June, while the S&P 500 has yielded 1.21%. The Dow Jones, for its part, has ended practically flat, with a decrease of 0.02%. Sales have been especially primed with semiconductor manufacturers, whose benchmark, the Philadelp…
Coverage Details
Bias Distribution
- 44% of the sources are Center
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
