Reported 3 days ago
On Monday, the stock market took a downturn, led by a significant drop in the Nasdaq, driven by fears surrounding AI technology following a Chinese startup's claims that it equals or surpasses leading US models at a lower cost. Nvidia's shares plummeted over 13%, sparking broader declines in tech stocks, including Microsoft and major semiconductor companies. The sell-off has also shifted investor sentiment towards safer assets, while concerns about tariffs under President Trump's administration loom.
Source: YAHOO