AI Tech Stocks Plunge Amid Rising Yields and Rate Hike Fears
The Nasdaq Composite fell as much as 2.4% today, dragged down by artificial intelligence (AI) and tech stocks. The Dow Jones Industrial Average dropped around 500 points in a holiday-shortened week. Shares of Broadcom, Amazon, and Rivian were significantly lower, with Broadcom down 1.47%, Amazon at 1.45%, and Rivian at 2.78%. The market’s underperformance is … Read more