Economic TimesLean R·
US stocks: AI shares tumble, erasing $80 billion as hot US inflation fuels rate fears
Major AI stocks slumped on Wednesday following the latest hot US inflation report, highlighting investor concern about the risks posed by rising borrowing costs in this capital-intensive sector.Among the leading decliners were data center operator CoreWeave, which fell 16%, AI infrastructure provider Nebius, off 11%, cloud computing giant Oracle, down 9%, and AI server seller Dell Technologies, down 11%. Together the declines erased some $80 billion of market value.The declines reflect the impa…
Read at Economic Times →
