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US STOCKS-Nasdaq Futures Dive 1% as AI Rout Deepens on Debt Concerns
Traders priced in a 27% chance of a Federal Reserve hike this month as CoreWeave, Nvidia and other AI stocks extended declines.
- On Thursday, Nasdaq futures declined more than 1% as investor concerns about higher borrowing costs triggered selling pressure in artificial intelligence stocks.
- The selloff intensified following Wednesday's market rout, when the Nasdaq and S&P 500 posted their steepest one-day losses since July after inflation data exceeded expectations, erasing $80 billion in market capitalization.
- Taiwan Semiconductor Manufacturing Company , the world's largest chipmaker, signaled caution for 2027 amid macroeconomic headwinds, while data center operator CoreWeave and cloud provider Oracle tumbled in premarket trading.
- Jefferies economist Mohit Kumar cautioned that "a slowdown in the AI infrastructure build-out would imply a sharp slowdown in US growth expectations," while intensifying Chinese competition added to market anxiety.
- According to CME Group's Fedwatch tool, market participants are pricing a 27% probability of a Federal Reserve rate hike later this month, up from 20% one week prior.
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Global tech selloff deepens as enthusiasm for AI stocks wobbles
By Hanna Ziady, CNN London (CNN) — Global technology stocks sold off sharply Thursday, as a growing list of worries, including rising borrowing costs and tougher competition from China, caused traders to sour on AI investments. Nasdaq futures were down 1.1% shortly after 6.30 a E.T. The tech-heavy index posted its worst decline since July
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AI Stock Sell-Off Deepens as Investors Worry About Rising Debt Costs
US technology stocks came under renewed pressure as investors questioned whether companies can sustain heavy artificial intelligence infrastructure spending amid rising borrowing costs. Nasdaq futures ... The post AI Stock Sell-Off Deepens as Investors Worry About Rising Debt Costs first appeared on [your]NEWS.
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Total News Sources12
Leaning Left1Leaning Right1Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
13%
C 75%
12%
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