Industry3h ago
AI Stock Slump Drags Down Wall Street
The Nasdaq composite fell 1% early Friday as AI-driven stocks tumbled. This downturn began in Asia, where indexes in Japan and South Korea dropped 4.2% and 5.8% respectively. The S&P 500 is now tracking its second losing week in 13. This volatility reflects a cooling of the speculative mania surrounding artificial intelligence technology.