S&P 500 drops more than 4% as AI-related stocks plunge
NVDA NVIDIA Corp
$168.89 -5.47%
View chart & analysis → - 1The S&P 500 fell more than 4% on Thursday, erasing $3 trillion in market capitalization in a single session.
- 2The PHLX Semiconductor Index fell 12% on Thursday.
- 3Rich Bernstein, head of global macro and customized investing at Janus Henderson Investors, compared the AI rally to the cartoon character Wile E. Coyote chasing the Road Runner off a cliff.
So what's the key point?
The value of the US stock market dropped by $3 trillion as artificial intelligence-related stocks fell sharply. This means the market took a big hit, with the semiconductor index dropping 12%.
Source Yahoo Finance · View original ↗
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