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A wipeout for AI stocks sends Wall Street reeling, and the S&P 500 tumbles more than 3.5%
- On Thursday, Wall Street fell 3.5% as investors sold off stocks tied to AI-related data center construction, with Nvidia leading the decline after dropping 7.5%.
- Tuesday's midterm victories by Democrats raised concerns that governments could force pauses in data center construction; critics argue AI-related stock prices had inflated into a bubble.
- Advanced Micro Devices tumbled 14.6% and CoreWeave fell 12.5% amid broad losses, while AppLovin jumped 29.4% after reporting strong profit and approving a stock buyback program valued at up to $3.6 billion.
- Global markets felt pressure from the selloff, with South Korea's Kospi index tumbling 5.3% and Japan's Nikkei sinking 1.8%, while London's FTSE 100 dipped 0.4%.
- The 10-year Treasury yield fell to 4.83% from 4.90% late Wednesday as investors sought safety in bonds amid uncertainty over interest rates and the Iran war.
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37 Articles
37 Articles
A brutal sell-off for AI stocks sends Wall Street reeling, and the S&P 500 tumbles 4.4%
A brutal sell-off swept through Wall Street, led by stocks tied to the buildout of AI data centers. The S&P 500 fell 4.4% Thursday for its worst drop since President Donald Trump shook markets worldwide in April 2025 with his…
The IndependentReposted by 
The Independent (US)
The Independent (US)Wall Street takes a beating with markets and tech stocks tumbling amid AI concerns
The S&P 500 was on track for its worst day since President Donald Trump shook markets worldwide in April 2025 with his ‘Liberation Day’ tariffs
·London, United Kingdom
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A wipeout for AI stocks sends Wall Street reeling, and the S&P 500 tumbles more than 3% - WSVN 7News | Miami News, Weather, Sports
NEW YORK (AP) — Another wipeout for stocks tied to the buildout of AI data centers is overwhelming Wall Street on Thursday and more than...
·Miami, United States
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Coverage Details
Total News Sources37
Leaning Left7Leaning Right5Center8Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 35%
C 40%
R 25%
Factuality
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