US Stock Market Plummets as AI Bubble Bursts, Nasdaq Loses SpaceX-Level Market Cap
The US stock market experienced a sharp decline as the AI bubble burst, wiping out $1.8 trillion in value. The Nasdaq suffered its largest drop in over four months, losing market capitalization equivalent to SpaceX. Tech stocks faced significant losses, with Intel falling 29%. Deutsche Bank noted improved risk-reward ratios for tech stocks after the fall.
Navbharat Times·




