Stocks Slide in Explosive AI Sell-Off as Oil Surges
Stocks fell sharply Friday as an AI sell-off, rising oil prices and inflation fears pushed the Nasdaq to its worst weekly performance since June.
Stocks fell sharply Friday as an AI sell-off, rising oil prices and inflation fears pushed the Nasdaq to its worst weekly performance since June.
The Nasdaq Composite plunged 2.14% Friday, ending at 26,140.03 as AI stocks, chipmakers, rising oil prices and inflation fears rattled markets.
Stock market shares retreat as the Nasdaq falls 2.2%, AI stocks sink, oil tops $100 and investors reassess inflation, debt and Federal Reserve policy.
Dow Jones Industrial Average surges 556 points as investors rotate from AI stocks into value shares despite hotter inflation and Fed rate concerns.
OpenAI revenue revealed at $50 billion, below earlier reports, sending Nvidia, Oracle and CoreWeave lower as investors question its valuation and IPO plans.
Nasdaq today falls as oil prices jump and Treasury yields top 5.2%, pressuring technology stocks while Nvidia rallies on a massive buyback boost.
Bitcoin rises above $86,000, its highest level since January, as investors debate crypto winter’s end, regulation, AI rotation and a powerful bull market.
Stock market today falls as AI leaders urge slower development, sending SoftBank, chipmakers and major technology shares lower across markets in early trading.
Stock market investors face a new AI risk debate as Anthropic CEO Dario Amodei urges slower progress, stronger oversight and global safety coordination.
Snow stock surged 22% after Snowflake beat earnings and revenue estimates, raised its outlook and highlighted rapid growth in its CoCo AI coding agent.