Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump
Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showing The latest shudder for stocks in the AI…
The Guardian reports: Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showing The latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran .
The S&P 500 fell 1.2% for its worst day since July, while the Nasdaq composite tumbled 2.6%.
This business story centres on the United States. Names and organisations mentioned in the coverage include AI, Iran and Nasdaq.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United States · Americas
- Reported by
- The Guardian
- First reported
- Key names
- AI, Iran, Nasdaq, Dow Jones Industrial
- Section
- Business
- Figure cited
- The Dow Jones Industrial Average added 11 points… (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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