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Nasdaq heading for worst day in 18 months as Wall Street sustains widespread losses

Share index slumps 5% amid signs AI industry will face tougher regulation after Democrats’ midterm elections successThe tech-heavy US Nasdaq share index is on track for its worst day in 18 months after slumping by up to 5% on Thursday amid growing signs that the artificial intelligence industry will face tougher regulation after this week’s

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US tech stocks recover after selloff spooks investors over AI spending

Midterms didn’t appear to have huge impact, though predicted wins for Democrats could mean more regulationUS tech stocks made a recovery on Tuesday afternoon after a selloff spooked investors over AI spending.Tuesday’s midterm elections didn’t appear to have a huge impact on Wall Street, though investors are predicting Democrats get at least a majority in

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Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump

Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showingThe latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran .The S&P 500 fell 1.2% for its

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US AI stock sell-off shakes markets from Wall Street to Asia

Losses spread globally as investors questioned soaring valuations and spending on AI infrastructureA tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs.The tech-heavy Nasdaq index opened 2% lower

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