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Market Turmoil as AI Spending Concerns and Oil Prices Surge Strain Tech Stocks

World News

Market Turmoil as AI Spending Concerns and Oil Prices Surge Strain Tech Stocks

CNBC Daily Open: Tech falls to earth, Musk's fortunes diverge

CNBC

CNBC Daily Open: Tech falls to earth, Musk's fortunes diverge

Markets are digesting the tech rout on Wall Street with the Nasdaq Composite logging its worst day in three months on renewed doubts over AI spending.

US stocks fall as AI spending worries hit tech shares, oil tops $112

CNBC-TV18

US stocks fall as AI spending worries hit tech shares, oil tops $112

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.

Markets tumble as concerns about Iran war and high AI spending collide

NBC News

Markets tumble as concerns about Iran war and high AI spending collide

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.

AI stocks weigh on markets Thursday as oil rises to highest price since May

Global News

AI stocks weigh on markets Thursday as oil rises to highest price since May

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.

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