AI Chip Selloff Drags Nasdaq Down Over 1%
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- AI chip stocks suffered a selloff that dragged the S&P 500 lower and pushed the Nasdaq down more than 1%, according to live market coverage cited across outlets.
- Oil prices continued jumping even as equities fell, and the Nasdaq and S&P 500 each dropped roughly 1% following China's latest move, per headline coverage from CNBC and AP.
Why it matters: With the Nasdaq down more than 1% on chip-stock weakness and oil prices rising simultaneously, investors face a double hit: growth-sensitive tech names are taking the brunt of the selloff while energy costs climb, compressing margins across the broader market.
