US stocks today: Nasdaq slumps 2.5%, S&P 1% as revived AI doubts ignite tech selloff
60-Word AI Digest
US stocks fell sharply as renewed concerns over massive AI spending triggered a selloff in technology and semiconductor shares. The Nasdaq suffered its steepest one day decline since June, while the S&P 500 also dropped. Tesla and Meta fell, while oil prices climbed to a five-month high amid fresh Middle East tensions.
Key Takeaways
- US stocks fell sharply as renewed concerns over massive AI spending triggered a selloff in technology and semiconductor shares.
- The Nasdaq suffered its steepest one day decline since June, while the S&P 500 also dropped.
- Tesla and Meta fell, while oil prices climbed to a five-month high amid fresh Middle East tensions.
US stocks fell sharply as renewed concerns over massive AI spending triggered a selloff in technology and semiconductor shares. The Nasdaq suffered its steepest one day decline since June, while the S&P 500 also dropped. Tesla and Meta fell, while oil prices climbed to a five-month high amid fresh Middle East tensions.
Original Publisher Attribution
This summary was curated from Economic Times.