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Nasdaq slides to near one-month low as AI rout deepens
The Nasdaq fell to near one-month lows on Thursday, weighed by a worsening selloff in AI-linked stocks on fears rising interest rates could impact artificial-intelligence investments and fresh data pointing to building US price pressures. The S&P 500 and the Nasdaq marked their biggest one-day fall since July on Wednesday after hotter-than-expected consumer inflation data fueled expectations of further interest-rate hikes from the US Federal Reserve, dragging on tech stocks. Semiconductor maker TSMC’s cautious note for 2027, citing macroeconomic uncertainties, also dented sentiment. Report...
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