Nasdaq Logs Fifth Straight Loss as AI Stocks Sink
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- AI stocks melted down for another session this week, dragging Wall Street lower even as most other sectors rose, per AP News and CNN headlines framing it as a repeat AI rout.
- The Nasdaq Composite posted its fifth consecutive losing session Friday as chip stocks led the declines, with the Dow, S&P 500, and Nasdaq all sliding on a reported OpenAI IPO delay.
Why it matters: With the Nasdaq posting its fifth consecutive losing session, the AI-led selloff has now stretched across an entire trading week, with chip stocks leading the decline. A reported OpenAI IPO delay added a named catalyst to Friday's slide across the Dow, S&P 500, and Nasdaq.
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