Nasdaq Drops Over 2% on AI Cost Worries — SkimNews
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- Nasdaq fell more than 2% as Wall Street sank, putting stocks on course for their worst day since July amid AI cost worries.
- Meta declined alongside chip stocks as the AI trade came under pressure, while a flight into Treasurys drove bond yields lower.
Why it matters: The Nasdaq’s greater-than-2% decline is the clearest quantified loss for AI-linked technology exposure, while Meta and chip stocks also fell. The cross-asset contrast is equally concrete: buyers moved into Treasurys as yields fell, documenting a rotation from equities into government debt during the same broad selloff.
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