AI stocks tumble worldwide as oil prices hit five-month high
Briefing by News4U · First published
AI-related shares dragged global markets lower on Thursday, while oil prices jumped 4% to $113.17 amid concerns over the war with Iran.
AI-related stocks fell sharply on Thursday, pulling major indexes lower worldwide, The Guardian reported. The S&P 500 dropped 1.2% and the Nasdaq composite fell 2.6%, while the Dow Jones Industrial Average rose 11 points. Nvidia declined 4.4%, Lam Research lost 11.8% and Meta Platforms dropped 7%. [1]
Oil prices rose 4% to $113.17, their highest level since May, on worries about the war with Iran. Asian markets also declined, with South Korea’s Kospi down 3.5%, Hong Kong’s Hang Seng off 3% and Japan’s Nikkei 225 down 2.7%. [1]
Sources
- Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump
The Guardian · · Excerpt