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U.S. stocks drift as investors try to separate AI winners from losers
- On Thursday, U.S. stocks are dropping as the market splits between perceived losers and winners from the rush into artificial-intelligence technology.
- Investors are re-pricing firms over perceived AI exposure, while analysts warn the AI rush could drive up computer memory prices companies must pay.
- AppLovin plunged 18.1% despite stronger quarterly profit, Cisco Systems dropped 11.1% despite topping forecasts, and Equinix jumped 11.8% on optimistic 2026 outlooks.
- The S&P 500 fell 1%, with the Dow Jones Industrial Average down 494 points and the Nasdaq composite 1.5% lower as of 11:45 a.m. Eastern, while the 10-year Treasury yield slipped to 4.14% late Wednesday.
- Policymakers will watch Friday's inflation report, expected to show inflation eased to 2.5 from 2.7, after a strong Wednesday jobs report.
44 Articles
44 Articles
The Billings Gazette
US stocks drop sharply as investors hunt for losers that will be hurt by AI
NEW YORK — U.S. stocks fell sharply Thursday as the market punished companies seen as potential losers from artificial-intelligence technology.
Beloit Daily News
US stocks drop as investors hunt for potential losers from AI
U.S. stocks are dropping as the market punishes companies seen as potential losers from artificial-intelligence technology. The S&P 500 fell 1% Thursday after erasing an early gain that brought it near its all-time high. The Dow Jones Industrial Average dropped…
US stocks closed lower on Thursday amid a growing market divide between companies considered winners and losers in the artificial intelligence (AI) race.
The stock market's AI apocalypse is flaring up again as software and memory stocks tank
Spencer Platt/Getty ImagesUS stocks are getting slammed again on Thursday as investors hasten their rotation out of tech.Major indexes opened higher but tumbled as software and memory names sold off.The S&P 500 is on track for a third straight day of losses.It's shaping up to be another tough week for the tech sector.US stocks slid lower on Thursday, with the S&P 500 on track to notch its third straight day of losses as investors continued to du…
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