Nasdaq falls 4.5% weekly as AI semiconductor stocks plunge and inflation rises
META Meta Platforms Inc
$709.33 -3.72%
View chart & analysis → - 1Nasdaq falls 4.5% weekly, its worst performance since June, ending a four-week winning streak
- 2September Consumer Price Index rose 3.7%, exceeding the 3.6% forecast, while Producer Price Index surged 1.3% monthly and 6.3% annually
- 3Concerns spread that inflation is raising borrowing costs and weighing on AI infrastructure investment, while the Dow Jones Industrial Average rose 0.7%
So what's the key point?
AI-related stocks fell sharply last week and inflation rose more than expected. During this time, money moved into non-tech sectors, causing only the Dow Jones Industrial Average to rise.
Source CNBC · View original ↗
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