Nasdaq Falls on Oil Surge, AI Revenue Fears — SkimNews
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- Nasdaq and S&P 500 ended lower on October 8, 2026, as crude prices jumped and chip stocks weighed on the broader market, per Reuters and WSJ
- Nvidia slid on AI revenue fears while Chevron gained as oil prices spiked following a fresh tanker attack, per Investor's Business Daily and WSJ
Why it matters: A geopolitical tanker attack pushed oil higher and triggered a broad selloff that hit both AI-exposed chip stocks and the broader indices, leaving energy names like Chevron as the day's clear winners while Nvidia bore the brunt of AI skepticism.
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