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Stock market today: Nasdaq, S&P 500 fall as global chip sell-off spurs AI doubts

US stock indexes fell as investors questioned AI valuations and spending. A global sell-off in semiconductor stocks dragged down the Nasdaq and S&P 500. While technology shares struggled, some healthcare stocks gained.

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What changed

Specific index percentages and the decline of Micron, Nvidia, and Sandisk are now identified.

Live updates

  1. Nasdaq and S&P 500 slide as global chip sell-off grows

    US stock indexes fell as investors questioned AI valuations and spending. A global sell-off in semiconductor stocks dragged down the Nasdaq and S&P 500. While technology shares struggled, some healthcare stocks gained.

    What's confirmed:

    • The Nasdaq and S&P 500 ended lower due to weakness in chip and AI stocks.
    • Investors are skeptical about high AI valuations and related spending.
    • Micron, Nvidia, and Sandisk stocks tumbled.

    Still unconfirmed:

    • The S&P 500 declined 0.05 per cent to 7,353.95 points.
    • The Nasdaq declined 0.24 per cent to 25,297.62 points.
    • The Dow Jones Industrial Average declined 0.09 per cent to 51,876.11 points.
    confidence 80%

  2. Nasdaq and S&P 500 Sink Amid Global Tech Sell-Off

    The Nasdaq and S&P 500 fell as a global sell-off in semiconductor stocks grew. Investors are questioning AI spending and the sustainability of the AI trade. Big Tech companies saw sharp drops that pulled Wall Street lower.

    What's confirmed:

    • The Nasdaq and S&P 500 have fallen.
    • Tech stocks tumbled due to concerns over AI spending.
    • A global sell-off in semiconductor stocks contributed to the market decline.

    Still unconfirmed:

    • Losses for Korean memory chipmakers fueled AI trade doubts.
    • The market decline occurred despite progress in US-Iran talks.
    confidence 90%