US EditionWall Street loses ground under the weight of falling technology stocks
- Wall Street posted its worst week since April as the Nasdaq Composite fell roughly 4%, US tech stocks suffered a $900 billion selloff, and the S&P 500 and Dow closed lower.
- Investor anxiety centered on the ongoing US government shutdown, scant economic data, and warnings that an AI bubble might burst soon, pressing labour market concerns and investors alike.
- Market data show the combined market capitalisation of eight AI-related firms plunged by about $911 billion since last week, Nvidia lost more than $430 billion, and the Nasdaq Composite fell roughly 4% this week.
- Notably, losses deepened on Friday with Nvidia down 4% and Microsoft, Amazon, Broadcom tumbling, while Yahoo Finance noted seesaw action among 'Magnificent Seven'
- Longer-Term pressure stems from Chinese developers rapidly closing the gap with US AI developers, as Moonshot AI unveiled Kimi K2 and DeepSeek's low-cost R1 trained for less than $5 million.
92 Articles
92 Articles
Growing uncertainty about the US economy and increasing skepticism about tech stocks have caused certain stocks to plummet.
Worse week since April for technology shares. Nasdaq falls by 3% over five days, after the massive sale of $800 billion of AI-related shares.
Times of India
GAGA INDIANasdaq posts worst week since April amid AI rally jitters, US yields slip
Indian markets saw a dip mirroring global trends. The Nasdaq experienced its largest weekly fall since April due to concerns over artificial intelligence stock sustainability. U.S. Treasury yields also declined. China's trade data showed the impact of tariffs. Bitcoin saw a weekly decline but gained on the day. Major U.S. indexes recovered some losses late in the session.
'Thanks, Donald!' Observers in awe as stocks see worst week since Trump's 'Liberation Day'
The Nasdaq Composite had its worst week since April this week, numbers show. Market Watch attributed the flop to the tech industry and the government shutdown. Yahoo Finance cited "seesaw stretches for 'Magnificent Seven' stalwarts Nvidia (NVDA) and Tesla (TSLA). The S&P; 500 and the Dow also closed...
Thanks to a recovery in the last two trading hours, US stock market indices closed virtually unchanged. The AEX, however, closed sharply lower earlier in the day. Data providers and chip companies were among the biggest losers. Investors continued to question whether the soaring valuations of AI companies were justified.
Wall Street set for worst week since Trump's 'liberation day' tariff rollout, tech stocks lose $1 tn
Fears over inflated AI valuations trigger a $1 trillion rout in major tech firms, leaving Wall Street on track for its steepest weekly loss since Trump’s 2018 tariff shock
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