AI Stocks Plunge as Oil Prices Surge

Global stock markets fell Thursday as AI stocks dropped sharply while oil prices jumped to $113.17 per barrel. Nvidia shares tumbled 4.4%, dragging the S&P 500 down 1.2% to 7,663.43. The Nasdaq composite tumbled 2.6% to 26,008.86, while US yields fell to 4.97%. Lam Research stock tumbled 11.8% despite profit gains, and Meta Platforms lost 7% after reporting stronger revenue.