Tech Selloff Deepens as Election Raises AI Regulation Concerns
Photo: TokenPost
The Nasdaq Composite fell 3.3% Thursday as investors continued pulling away from technology shares for a second session, extending losses in artificial intelligence-linked stocks amid concerns about tighter U.S. rules for AI infrastructure. Chipmakers and data center-related companies were among the hardest hit. The S&P 500 slipped 1.9%, while the Dow Jones Industrial Average lost 489 points, or 0.9%. Advanced Micro Devices fell 12%, Micron Technology dropped 9%, SK hynix declined 8.8% and Nvidia lost 5%. The Philadelphia Semiconductor Index sank 8%, its lowest close since April 20.
Source: TokenPost
