Economic TimesLean R·
US stocks: US market ends down sharply; worries about AI trade and high oil prices weigh
Wall Street ended sharply lower on Friday, with CoreWeave, Broadcom and other AI-related technology stocks under renewed pressure, while a jump in oil prices spooked traders heading into the weekend.The Nasdaq extended losses from earlier in the week, hammered by concerns that debt-laden AI infrastructure companies may not turn profits in time to repay debts, particularly with borrowing costs expected to rise.Nvidia-backed CoreWeave slumped, also adding to recent losses. The data center operato…
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