AI bubble bursting or deeper market correction? US stocks plunge as Nvidia crashes 4% and Palantir slides 1.2% — Wall Street’s favorite AI synonyms tumble big
US stock market plunged Friday, fueling fears that the AI bubble is bursting before it matures. The Nasdaq fell 1.9%, the S&P 500 lost 1.1%, and the Dow slipped 0.7% as investors dumped major tech names. Nvidia crashed over 4%, breaking below its 50-day line after the US blocked AI chip sales to China, while Palantir slid 1.2% on heavy volume. Consumer sentiment dropped to 50.3, inflation expectations rose to 4.7%, and analysts warned a deeper market correction could follow if the AI-led rally keeps unraveling.
US stock market plunged Friday, fueling fears that the AI bubble is bursting before it matures. The Nasdaq fell 1.9%, the S&P 500 lost 1.1%, and the Dow slipped 0.7% as investors dumped major tech names. Nvidia crashed over 4%, breaking below its 50-day line after the US blocked AI chip sales to China, while Palantir slid 1.2% on heavy volume. Consumer sentiment dropped to 50.3, inflation expectations rose to 4.7%, and analysts warned a deeper market correction could follow if the AI-led rally keeps unraveling.
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