AIReutersabout 3 hours ago
Hot CPI Report Slumps Major AI Stocks
4 min read
Major AI stocks slumped on Wednesday following the latest hot US inflation report, erasing some $80 billion of market value. CoreWeave fell 16%, Nebius off 11%, Oracle down 9%, and Dell Technologies down 11%. The declines reflect tightening financial conditions and rising borrowing costs, with US interest rates pushing the 30-year yield as high as 5.63% before pulling back.
Level
Hype check
Tap to vote and see what everyone thinks.
