S&P 500, Nasdaq snap win streak as AI fears hit tech
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- S&P 500 and Nasdaq snapped a two-week win streak as AI jitters pressured tech stocks across the market
- Chip stocks tumbled while Moderna rallied, leaving Wall Street mixed as AI fears overrode fuel-price relief
Why it matters: The snap of a two-week win streak — driven by AI-related selling strong enough to override fuel-price relief — shows investors now demanding proof that Big Tech's trillions in AI spending will pay off, putting AI-exposed valuations under direct scrutiny.
