AIET Techabout 3 hours ago
AI Shares Tumble Erasing $80 Billion
4 min read
US AI stocks fell sharply on Wednesday as hot inflation fueled rate fears, erasing $80 billion in market value. CoreWeave dropped 16%, Nebius fell 11%, and Oracle declined 9%. Barclays downgraded Dell and two other enterprise hardware stocks, noting Dell shares quadrupled this year. US interest rates rose to 5.63% before pulling back, weighing on unprofitable firms.
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