AI panic grips markets, NASDAQ 100 loses $2.5T amid investor concerns
Photo: Crypto Briefing
Investors in New York and Seoul are expressing concerns over the costs and risks associated with AI, leading to significant market fluctuations. This anxiety has permeated the broader AI infrastructure sector, impacting chipmakers, cloud companies, and data-center operators. Recently, the Nasdaq 100 experienced a sharp decline of 6.4%, translating to a loss of approximately $2.5 trillion in market value. Similarly, South Korea’s KOSPI and Taiwan’s benchmark indices have also faced steep declines. These developments are raising questions about the sustainability and profitability of massive capital expenditures in AI technologies.
Source: Crypto Briefing
