US stocks fall as Nvidia concerns hit tech shares

reuters.com [$] —

Major US stock indexes fell on Friday as fresh concerns about Nvidia triggered a selloff in technology shares, with softer October producer price data failing to provide relief. The turmoil has raised worries about the AI trade due to Nvidia's central role in the industry, leaving equities vulnerable ahead of Anthropic's IPO next week, which could test investor appetite for established AI heavyweights. October producer prices rose 6.5% year over year, the largest annual gain since November 2022, while 83.6% of S&P 500 companies beat earnings expectations. Oil prices rose for a third session amid geopolitical tensions.


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