Changes in US stocks | The wave of sell-offs intensified, the NASDAQ plummeted 1.23%, and the AI hardware sector fell sharply

Zhitongcaijing · 1d ago

The Zhitong Finance App learned that on Thursday, the US stock sell-off intensified, the NASDAQ plummeted 1.23%, and the AI hardware sector fell sharply, with American Ultra Micro (AMD.US) and SK Hynix (SKHY.US) falling more than 6%, Micron Technology (MU.US) and Intel (INTC.US) falling more than 5%, TSM.US (TSM.US) falling more than 4%, Nvidia (NVDA.US) falling more than 3%, and Broadcom (AVGO.US) falling more than 2%.

Global stock market sell-offs have intensified, and the strong gains in artificial intelligence trading since this year are facing systemic stress tests. The analysis points out that this round of turmoil was triggered by a combination of factors: US CPI data surpassed expectations, boosted market bets on further interest rate hikes by the Federal Reserve, the sharp decline in CoreWeave bonds intensified the market's reassessment of financing risks in the AI sector, and fundamental doubts about whether AI investment can bring equal returns are driving capital from growth stocks to safe-haven assets.