US stocks: AI shares tumble up to 16%, erasing $80 billion as hot US inflation fuels rate fears
16 Articles
16 Articles
The New York Stock Exchange closed lower as concerns about the path of inflation in the US and the cost of developing artificial intelligence resurfaced. The Dow Jones industrial average closed down 48.62 points (-0.09%) to 51,621.48. The Nasdaq, dominated by technology stocks, closed down 511.51 points (-1.88%) to 26,692.86. The broader S&P 500 index, indicative of the general trend, closed down 86.51 points (-1.11%) to 7,718.94. Read more at i…
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Nasdaq Drops Nearly 2% as Surging Inflation Sparks Fed Rate Hike Fears
Wall Street stocks fell sharply Wednesday after stronger-than-expected inflation data raised concerns about additional Federal Reserve interest rate hikes, triggering heavy losses in artificial intelligence ... The post Nasdaq Drops Nearly 2% as Surging Inflation Sparks Fed Rate Hike Fears first appeared on [your]NEWS.
New York's main stock indexes fell sharply this Wednesday (14), with the weight of the technology sector, which accumulated a devaluation of more than 2%, amidst concerns about corporate indebtedness to finance artificial intelligence expansion. Earlier, the American stock exchanges were already operating under pressure, after inflation data in the United States in September came above what expected by the market, decreasing the bets on an inter…
Protothema
PentapostagmaStrong pressure on Wall Street, with technology stocks falling on inflation and concerns about artificial intelligence, while US bond yields fell after an initial rise
The Economic Times
Times of IndiaUS stocks: AI shares tumble up to 16%, erasing $80 billion as hot US inflation fuels rate fears
Amid rising inflation, major AI firms like CoreWeave and Dell Technologies experienced significant stock price drops, losing around $80 billion in market value. Increased US interest rates have investors worried about the borrowing hurdles faced by less profitable firms within the sector. Even with the strong performance of giants like Nvidia and Microsoft, skepticism remains high, reminiscent of the dot-com era's cautionary tales.
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