S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount

Live updates

1. 1h ago

   S&P 500 and Nasdaq Slide as Semiconductor Selloff Deepens

   The S&P 500 and Nasdaq hit more than one-week lows on Tuesday. AI spending concerns and a chip stock slump drove the losses. Healthcare stocks provided some support for the S&P 500.

   What's confirmed:

   • The S&P 500 and Nasdaq closed at more than one-week lows on Tuesday.
   • Semiconductor stock declines drove market losses as investors questioned debt-funded AI spending.
   • Healthcare shares rose and helped support the S&P 500.
   • The S&P 500 slipped 0.2% Wednesday for its eighth loss in 11 days.

   Still unconfirmed:

   • OpenAI IPO delays contributed to the decline in tech stocks.
   • Samsung Electronics and SK Hynix shares plunged as much as 14% due to AI chip demand concerns.
   • The Dow finished the week on a positive note.
   • AI spending concerns specifically hit chipmakers Intel and AMD.
   confidence 85%
2. 5d ago

   S&P 500 and Nasdaq Hit One-Week Lows Amid Semiconductor Sell-Off

   The S&P 500 and Nasdaq closed at more than one-week lows on Tuesday. A sharp decline in semiconductor stocks drove the losses as investors questioned debt-funded AI spending. Market participants are also reacting to expectations of a more hawkish Federal Reserve.

   What's confirmed:

   • The Nasdaq and S&P 500 closed at more than one-week lows on Tuesday.
   • Semiconductor stocks experienced sharp losses.
   • Investors are scrutinizing debt-funded AI spending and expecting a more hawkish Federal Reserve.
   • Nvidia, Micron, and AMD led the tech sell-off.

   Still unconfirmed:

   • The South Korean market plunged 10% due to AI stocks being trampled.
   • Nasdaq futures fell 2% on tech worries and Federal Reserve hike bets.
   confidence 90%