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Wall Street fear gauge posts biggest intraday jump in over 18 months as chip and data center stocks slide

FinanceInternationalReutersAI summary
Image: Reuters

The VIX, Wall Street's most closely watched gauge of market anxiety, logged its biggest intraday jump in more than 18 months on Thursday, in a session where steep losses in chip and data center-related stocks dragged down major stock indexes. Analysts attributed part of the selling to an unwind of the previous session's sharp rally and of the crowded AI trade, as well as investors cutting risk ahead of expected volatility-driven selling by funds and strategies.

In 40 seconds

  • The VIX logged its biggest intraday rise in more than 18 months, comparable to the jump after the 'Liberation Day' tariffs of April 2025.
  • Losses in chip and data center stocks dragged down major Wall Street indexes.
  • Analysts point to an unwind of the AI trade and of the previous session's rally.
Read the full story at Reuters

IASummary generated by artificial intelligence from a story by Reuters. It may contain errors: the original source prevails.

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