Live updates: Market nervousness persists as the AI selloff deepens

Market jitters persist as the AI selloff deepens. South Korea’s KOSPI fell almost 4%, accompanied by one of the weakest IPO debuts in the country’s history, with data centre company Elice tumbling around 30%. The weakness carried into U.S. pre-market trading, with CoreWeave (CRWV) down 4%, Cipher Digital (CIFR) falling 2% and IREN (IREN) losing 3%. The Invesco QQQ ETF also traded lower, reflecting broader pressure on technology stocks. Bitcoin edged lower over the past 24 hours but held above $81,000, while gold slipped almost 1% to just above $4,110 an ounce.

Source: CoinDesk