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Nasdaq Suffers Worst Rout Since March 2020

By ChordNews · First written (new coverage )

Oversold AI and chip stocks after the Nasdaq’s worst day since 2020
Image: investing.com
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Summary

A stock-market rout on Thursday pulled down companies at the heart of the AI boom, according to Bloomberg. The sell-off was linked to the prospect of a political shift that would tap the brakes on the industry's growth. Investing.com reported that AI and chip stocks were left oversold after the Nasdaq's worst day since 2020. The Bloomberg report is a short video piece, so it gives no further figures or details.

This continues an earlier story: Nasdaq falls as Amazon and Intel earnings deepen AI spending worries

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that the Nasdaq suffered its worst rout since March 2020 on Thursday, pulling down companies at the heart of the AI boom over the prospect of a political shift that would tap the brakes on the industry's growth.

  2. Investing.com

    Source ↗

    Investing.com reports, in a headline, that AI and chip stocks became oversold after the Nasdaq's worst day since 2020.

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