AI stocks fell as oil prices hit a five-month high amid Iran war fears, dragging global markets lower, while Nvidia, Meta and Asian markets saw sharp losses.
Oil prices climbed to their highest levels since May, while the tech-heavy Nasdaq slid on fears that the capital funding the AI boom might be drying up.
Drops for stocks in the artificial-intelligence industry are dragging markets down worldwide on Thursday, while oil prices hit their highest levels since May amid the Iran war.
The Nasdaq fell 1.4% as Meta, AMD and other technology stocks slid. Rising oil prices and Treasury yields added to market concerns, while Blackstone and Lockheed Martin gained.
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