Stocks fall as AI sell-off resumes
CNN
Major US stock indices declined on Tuesday as investors retreated from artificial intelligence and semiconductor shares following a period of strong gains.Summary
US stock markets experienced a downturn on Tuesday, led by the tech-heavy Nasdaq Composite's 2.2% drop, as investors sold off AI and semiconductor stocks to lock in recent profits. Major chipmakers, including Marvell Technology and Nvidia, saw significant declines, while the S&P 500 fell 1.3%. The market volatility, measured by the VIX, surged amid ongoing concerns about tech valuations and Treasury yields. Concurrently, oil prices saw fluctuations after President Donald Trump reported that an Iranian attack on a US helicopter occurred, though market nerves were slightly calmed by broader concerns regarding inflation and interest rates.
(Source：CNN)