Nasdaq Drops 2% as AI Trade Unwinds — SkimNews
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- Nasdaq tumbled more than 2%, putting it on track for its worst week since April 2025 as investors rotated out of the AI trade while oil prices rose (per CNBC).
- S&P 500 fell alongside the Nasdaq in a broad tech selloff, capping a volatile week fueled in part by investor concerns about AI debt (per Yahoo Finance/CNBC).
Why it matters: The Nasdaq's more-than-2% drop puts it on track for its worst week since April 2025, and CNBC's explicit framing around 'AI debt' elevates this selloff beyond a simple rotation — funding-quality concerns about the AI trade are now part of the market narrative alongside valuation.
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