Nasdaq plunges over 5% as AI stocks tumble

boursorama.com (French) —

The Nasdaq Composite plunged more than 5% on Thursday, intensifying losses from the opening amid a sharp decline in artificial intelligence-related stocks. The tech-heavy index fell 5.19% by 16:04 GMT. The Dow Jones dropped 2.36% and the S&P 500 lost 3.48% at the same time. The tech sector suffered from fears of increased scrutiny over data center expansion. This concern was a central theme in the US midterm election campaign, which ended Tuesday with a crushing defeat for President Donald Trump's Republicans.


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