Wall Street turmoil: AI stocks tumble amid sell-off
US markets face sharp declines as investor anxiety over artificial intelligence stocks triggers a broader sell-off.
A wave of selling swept Wall Street as the Nasdaq 100 index dropped 5.5% following sharp declines in technology stocks. According to reports by TheMarker and CNBC, the market panic stemmed from growing concerns over the impact of artificial intelligence on cybersecurity and skepticism regarding the AI-driven investments that have pushed markets to record highs this year.
Meanwhile, shares of Berkshire Hathaway outperformed the S&P 500 index this week. Market analysts note that alongside the AI-related sell-off, political uncertainty following recent midterm elections continues to influence volatility across various sectors. Further details have not yet been released.
Sources: The Tech Buzz, Folha de S.Paulo, The Killeen Daily Herald, CNBC Markets, Pluang, TheMarker
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