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AI Stocks Drop After Hot Inflation Report Fuels Bets for Rate Hikes
- Global technology stocks fell as investors questioned whether heavy artificial-intelligence spending would produce expected returns.
- South Korea’s KOSPI led regional declines, falling 7.7%, while Samsung Electronics and SK Hynix each dropped more than 9%.
- The S&P 500 fell 1.11% and the Nasdaq dropped 1.88% after U.S. inflation rose 3.7% annually in September, above expectations.
- Investors also focused on financing risks involving CoreWeave and revenue expectations for Anthropic.
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Technology companies' actions continued to fall on Thursday in international markets, due to concerns about the increasing costs of financing investment in artificial intelligence and increasing competition in the semiconductor industry.The top 20 global companies in the field of artificial intelligence and chips have lost more than 1,000 billion dollars of stock market capital since the beginning of the week, CNBC reports.
Marietta Daily JournalReposted by 
Western Investor
Western InvestorAI stocks keep falling, but the rest of the market is supporting Wall Street
More drops for artificial-intelligence stocks are hitting Wall Street, but gains for the rest of the market are keeping U.S. indexes near their records. The S&P 500 was virtually unchanged in midday trading on Thursday after erasing an early loss.…
·Georgia, United States
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Total News Sources284
Leaning Left33Leaning Right39Center66Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 24%
C 48%
R 28%
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