Nasdaq Tumbles To Nearly Three-Month Low As Intel Nosedives
11 Articles
11 Articles
Intel's Awful Day Highlights a Brutal Tech Selloff
Wall Street is handling Intel and the world of AI a productive reality check. The chipmaker's shares sank shortly 30% Friday—on track for their worst day since the mid-1970s—after it projected wearer learnings, reports CNBC. And Intel is not alone: The tech-centric Nasdaq was down 3%, with Amazon,...
The US stock exchange recorded strong declines on Friday, the Nasdaq Composite index losing 2.3%, on the basis of the withdrawal of investors from the actions of technology companies and concerns about the costs of investment in artificial intelligence, CNBC transmits.
Nasdaq Tumbles To Nearly Three-Month Low As Intel Nosedives
Stocks have moved sharply lower during trading on Friday, extending the pullback seen over the course of the previous session. The major averages have all moved to the downside, with the Nasdaq showing another particularly steep drop. Currently, the major averages are off their lows of the session but still in the red.
In view of the quarterly figures of the large AI professionals, the sale continues. Meanwhile, prices for gold and silver are as low as they have not been for a year.
The NASDAQ index, with a high technological colour, accentuated its decline on Friday on the New York Stock Exchange, still penalized by a series of quarterly results deemed disappointing, notably those of Intel and Amazon.
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