Faster global financial news!
U.S. tech stocks plunged due to AI cost concerns, with Intel falling over 30% and losing more than $130 billion in market value, as the Nasdaq Composite hit a two-month low.
U.S. tech stocks continued their decline amid concerns over rising artificial intelligence (AI) development costs. Intel's stock price, in particular, fell by as much as 30% in early Friday trading, potentially losing over $130 billion in market capitalization, after the company warned of a weak PC market and forecast lower-than-expected fourth-quarter revenue. The Nasdaq index opened down 2.5% on Friday, reaching a new two-month low. The previous day, Google parent company Alphabet saw its stock price plunge by over $500 billion due to AI summaries impacting its core search advertising revenue; Amazon's stock price also fell by as much as 6%.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Cryptocurrency Exchange Fee Comparison: How to Choose the Lowest-Cost Buying and Selling Channels?
-
2
Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
-
3
Tether, Circle, Ripple, and other stablecoin issuers have frozen over $2.6 billion in assets linked to suspected security breaches at Binance.
-
4
Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
-
5
Lookonchain: Binance hackers are selling PEPE, UNI, LINK, and other tokens, still holding over $150 million worth of various altcoins.
-
6
South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
-
7
DOGE (Dogecoin) Trading Guide and Exchange Listings
-
8
Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
-
9
China's AI stock bubble has burst, with $340 billion in market cap losses
-
10
CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
