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Nasdaq slides to near one-month low as AI rout deepens

World 1 source 1 country 🔦 Under-reported 3m ago

The Nasdaq Composite index fell to its lowest level in nearly a month as a broad sell-off in artificial intelligence-related stocks intensified. The decline reflects a cooling of investor sentiment toward the technology sector, which has been a primary driver of market gains throughout the year.

This downturn marks a significant shift in trading patterns, as investors re-evaluate valuations within the AI industry. The move downward highlights broader market volatility and a growing caution among participants regarding the sustainability of the recent rally in high-growth technology equities.

In-depth summary · AI, neutral
Read the full story at the source Channel NewsAsia · SG ↗
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