Shares in Asia and on Wall Street have been experiencing significant fluctuations due to a sell-off in AI-related stocks. Nvidia, a leading player in the AI sector, saw its stock plummet 21.7% after cutting its revenue forecast, citing a slowdown in demand for its graphics chips. Other tech giants such as Microsoft, Alphabet (Google), and Amazon also saw sharp declines in their stock prices.
The sell-off in AI stocks has had a ripple effect on the market, with the Dow Jones Industrial Average and Nasdaq composite experiencing significant drops. However, some stocks have shown resilience, with Broadcom positioned for AI-driven growth due to its multi-year XPU agreements with major cloud service providers and AI developers.
In other AI-related news, Anthropic has proposed a tax on AI jobs destroyed and plans to commit $200 million to research trials and program evaluation. Meanwhile, Meta's AI push has received mixed reactions, with some users feeling frustrated by the company's latest bid to charge users a subscription for AI services.
The AI sector is also seeing significant investments, with Supermicro planning to raise $7 billion to address large-scale AI server orders from over 20 customers. Additionally, Dlocal Ltd. is an overlooked AI digital payments stock with a market capitalization of $1.3 billion.
Key Takeaways
["Nvidia's stock plummeted 21.7% after cutting its revenue forecast due to a slowdown in demand for its graphics chips.", 'The sell-off in AI stocks led to significant drops in the Dow Jones Industrial Average and Nasdaq composite.', 'Microsoft, Alphabet (Google), and Amazon saw sharp declines in their stock prices during the AI stock sell-off.', 'Broadcom is positioned for AI-driven growth due to its multi-year XPU agreements with major cloud service providers and AI developers.', 'Anthropic proposed a tax on AI jobs destroyed and plans to commit $200 million to research trials and program evaluation.', "Meta's AI push has received mixed reactions, with some users feeling frustrated by the company's latest bid to charge users a subscription for AI services.", 'Supermicro plans to raise $7 billion to address large-scale AI server orders from over 20 customers.', 'Dlocal Ltd. is an overlooked AI digital payments stock with a market capitalization of $1.3 billion.', 'The finance industry is looking to agentic AI, which can make decisions on behalf of users, such as buying and selling stocks or bonds.', "A study found that most AI crypto trading agents don't trade autonomously, with users losing $191.7 million while top 1% of wallets siphoned off 81% of gains."]Asian shares fall as AI stocks plummet
Asian shares are mostly lower following a sell-off of AI stocks that dragged the U.S. market sharply lower. Nvidia plummeted 21.7% after cutting its revenue forecast. Other AI-related stocks, including Alphabet's DeepMind and Microsoft's Azure, also fell sharply. Oil prices rose more than $1 a barrel.
Asian shares slip after AI stock sell-off
Shares are mostly lower in Asia following another sell-off of AI stocks that dragged the U.S. market sharply lower. U.S. futures advanced and oil prices gained more than $1 a barrel. The sell-off was led by tech stocks, with Microsoft, Alphabet and Amazon all falling sharply.
Nvidia's stock plummets 21.6% on revenue forecast cut
Shares are mostly lower in Asia following another sell-off of AI stocks that dragged the U.S. market sharply lower. Nvidia plunged 21.6% after cutting its revenue forecast, citing a slowdown in demand for its graphics chips. The Dow Jones Industrial Average fell 1.1%, while the Nasdaq composite slid 2.1%.
Wall Street falls sharply as AI stocks resume sell-off
Wall Street falls sharply as AI stocks resume their sell-off. The Dow Jones Industrial Average fell 1.2% to 31,440. The S&P 500 index fell 1.3% to 3,956.
Wall Street rises as AI stocks swing back upward
Wall Street rises as AI stocks swing back upward and oil prices ease. The Dow Jones industrial average rose 143.51 points, or 0.5%, to 30,955.15. The S&P 500 index climbed 16.59 points, or 0.4%, to 3,900.17.
Asian shares mixed after AI stock sell-off
Asian shares are mixed following another sell-off of AI stocks that dragged the U.S. market sharply lower. U.S. futures advanced. Oil prices fell, after rising earlier as the U.S.
World shares mixed after AI stock sell-off
World shares are mixed after another sell-off of AI stocks on Wall St, while oil prices ease. European shares are trading mostly higher after most Asian markets retreated.
Nvidia leads AI stock sell-off on Wall Street
The sell-off in AI stocks was led by Nvidia, which fell 6.4% after the company warned that its profit margins would be lower than expected. Other AI-related stocks, including Alphabet's Google and Microsoft, also fell sharply.
Asian shares slip after AI stock sell-off
Asian shares slipped on Friday after another sell-off of AI stocks on Wall Street, while oil prices rose more than $1 a barrel. NVIDIA Corp fell 4.4% to $63.45.
Broadcom positioned for AI-driven growth
Broadcom is set for an AI-driven inflection in eFY27, driven by reported multi-year XPU agreements with major cloud service providers and AI developers.
AI valuations diverge from old-economy payouts
The iShares Semiconductor ETF has a 73x price-to-earnings ratio, while dividend champion stocks have 4.83% year-over-year payout growth.
Stocks supported by chipmakers and AI stocks
The S&P 500 Index is up +0.03%, the Dow Jones Industrial Average is up +0.42%, and the Nasdaq 100 Index is up +0.37%.
Stocks edge higher as chipmakers rebound
The S&P 500 Index is up +0.20%, the Dow Jones Industrial Average is up +0.43%, and the Nasdaq 100 Index is up +0.53%.
Study finds AI crypto trading agents not trading autonomously
Most AI crypto trading agents don't trade autonomously, with users losing $191.7 million while top 1% of wallets siphoned off 81% of gains.
Dlocal overlooked AI digital payments stock
Dlocal Ltd. is an overlooked AI digital payments stock with a market capitalization of $1.3 billion.
Why finance looks to agentic AI
The finance industry is looking to agentic AI, which can make decisions on behalf of users, such as buying and selling stocks or bonds.
Meta's AI push feels out of step
Meta's latest bid to charge users a subscription for AI services has left some feeling frustrated.
Anthropic proposes tax on AI jobs destroyed
Anthropic proposed taxing itself to pay for jobs destroyed by AI and plans to commit $200 million to research trials and program evaluation.
Supermicro raises $7bn for AI server orders
Supermicro plans to raise $7 billion to address large-scale AI server orders from over 20 customers.
Sources
- Asian shares slip after another sell-off of AI stocks on Wall St, while oil prices rise
- Asian shares slip after another sell-off of AI stocks on Wall St, while oil prices rise
- Asian shares slip after another sell-off of AI stocks on Wall St, while oil prices rise
- Wall Street falls sharply as AI stocks resume their sell-off
- Wall Street rises as AI stocks swing back upward and oil prices ease
- Asian shares mixed after another sell-off of AI stocks on Wall St, while oil prices ease
- Asian shares slip after another sell-off of AI stocks on Wall St, while oil prices rise
- World shares are mixed after another sell-off of AI stocks on Wall St, while oil prices ease
- World shares are mixed after another sell-off of AI stocks on Wall St, while oil prices ease
- Broadcom Positioned for AI-Driven Inflection in eFY27
- AI Valuations Diverge From Old-Economy Payouts
- Stocks Supported by a Rebound in Chipmakers and AI Stocks
- Stocks Edge Higher as Chipmakers and AI Stocks Rebound
- Study finds most AI crypto trading agents aren't really trading
- Dlocal (DLO) Is An Overlooked AI Digital Payments Stock, Here’s Why This Could Change Soon
- Why the finance industry is looking to agentic AI
- Why Meta's latest AI push feels 'out of step'
- Supermicro to raise $7bn for AI server order fulfilment
- Anthropic just proposed taxing itself to pay for the jobs its AI destroys
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