The Guardian
AI Stock Selloff Drives Global Markets Lower as Oil Surges on Iran Tensions
AI sector stocks fell sharply on Thursday due to concerns over datacenter and chip costs, pulling the S&P 500 down 1.2% and the Nasdaq down 2.6%—the S&P's worst day since July. Oil prices reached their highest levels since May amid worries about the Iran conflict. Despite tech weakness, the broader market showed strength, with the majority of non-AI stocks rising and the Dow Jones adding 11 points.
Markets
