US stocks fall sharply as chipmakers and AI data centre shares lead losses

hindustantimes.com —

US stocks fell sharply on Thursday, with the Nasdaq dropping 3.09% and on track for a correction, as chipmakers and AI data centre companies led broad losses across major indexes. Qualcomm shares plunged 9% on weak smartphone chip forecasts, while the semiconductor index fell 7.1%. AI data centre firms like CoreWeave and Nebius Group dropped sharply, and Dell shares tumbled 10.5% amid concerns about political scrutiny of AI infrastructure. The decline followed Wednesday's rally after Democrats' midterm victory, with investors worried about increased oversight of AI projects. Tesla fell 9.5%, and market breadth showed decliners outpacing advancers on both major exchanges.


With a significance score of 2.5, this news ranks in the top 16% of today's 32662 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: