Nasdaq Suffers Worst Week Since June as AI Sell-Off Hits Chip Stocks
Photo: CoinCentral
TLDR The Nasdaq fell 2.14% Friday to 26,140.03, its worst week since June. Chip stocks dropped, with the VanEck Semiconductor ETF down 10% on the week. CoreWeave fell nearly 12% Friday and is down 25% this week. Oil rose above $100 as U.S.-Iran and Russia-Ukraine tensions grew. Traders see an 82% chance the Fed holds rates at its Oct. 27-28 meeting. US stocks fell on Friday as investors sold technology and artificial intelligence shares. Oil prices also rose, adding pressure to the market. The Nasdaq Composite lost 2.14% to close at 26,140.03.
Source: CoinCentral
