AI stock selloff drags global markets lower as oil surges
DFace NewsDFace News
The S&P 500 dropped 1.2% on Thursday, its worst day since July, while the Nasdaq composite fell 2.6%, driven by sharp declines in AI-related stocks tied to datacenter and chip costs. Despite the tech rout, the majority of non-AI stocks actually rose, and the Dow Jones Industrial Average eked out a gain of 11 points. Oil prices hit their highest since May amid worries about the war with Iran.
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