Fear of slowing AI hits tech stocks: Nasdaq falls more than 5.5%
Tech companies in the United States and Asia posted sharp stock market declines in a single session, in which the Nasdaq lost more than 5.5% and the sector shed about 2.5 trillion dollars in value, according to the report. Nvidia fell more than 9%. The move came after the midterm elections and amid fears of slowing artificial intelligence.
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