US EditionStocks Drop as AI Exuberance Worries Linger; US Yields Jump
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3 Articles
Stocks drop as AI exuberance worries linger; US yields jump
NEW YORK, Dec 12 : Major stock indexes fell on Friday, with technology-related shares dropping again as investors were wary of artificial intelligence bets, while the dollar edged higher and U.S. Treasury yields jumped.Yields gained as investors weighed commentary from Federal Reserve officials who voted agai
[Digital Daily Reporter Sang-il Lee] The US artificial intelligence (AI) infrastructure market is experiencing an unstable correction amid signs of overheating. As Oracle revealed the limitations of its debt-funded expansion strategy and posted poor performance, the stock prices of major AI supply chain companies, including Nvidia and Broadcom, fell in tandem. Data center construction delays, power supply, and financing burdens are emerging as s…
US stocks declined on Friday. At the close of trading in New York, the Dow Jones Industrial Average stood at 48,458 points, down 0.5 percent from the previous trading day. A few minutes earlier, the broader S&P 500 was down 1.1 percent at around 6,827 points, while the tech-heavy Nasdaq Composite was down 1.9 percent at around 25,197 points. This followed Oracle's recent announcement of high spending on artificial intelligence, which had fueled …
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