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US stocks: AI shares tumble, erasing $80 billion as hot US inflation fuels rate fears
Source: Economic Times · 3 hr ago
Summary
AI‑related stocks fell sharply, wiping out roughly $80 billion in market value as higher U.S. inflation stoked fears of rising interest rates. Investors worry that tighter financing will hurt less profitable AI companies, even though big players such as Nvidia and Microsoft continue to perform well. The market mood echoes the caution seen during the dot‑com era.
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From the original report
Amid rising inflation, major AI firms like CoreWeave and Dell Technologies experienced significant stock price drops, losing around $80 billion in market value. Increased US interest rates have investors worried about the borrowing hurdles faced by less profitable firms within the sector.
Excerpt from Economic Times.
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