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business1d ago
Nasdaq plunges as consumer sentiment nears historic lows, panic over AI spending mounts
- Nasdaq fell modestly as consumer sentiment hit near all-time lows, signaling renewed risk aversion in tech shares.
- Investors worried AI spending may overvalue stocks, echoing dot-com-era fears that pressured tech names this week.
- Palantir faced valuation concerns despite solid earnings, with analysts noting the stock’s weakness amid a broader tech sell-off.
- Nvidia chief Jensen Huang warned China could win the AI race, fueling investor nerves about global competition.
- Several large-cap techs, including Nvidia, AMD, Palantir, Oracle and Meta, were among the week’s biggest decliners.
- U.S. market dynamics showed mixed results: the Dow rose while the Nasdaq remained weak, signaling divergent sector performance.
- Trump touted his economic agenda after election wins, a move that commentators linked to broader political and market narratives.
- Analysts noted potential continued weakness in consumer finances, influenced by inflation and labor-market expectations.
- The market turbulence coincided with ongoing concerns over a prolonged government shutdown.
- The week saw a broad sell-off in AI-related equities as investors reassessed the sector's growth prospects.
- The article notes strong media and corporate coverage segments driving market narratives this week.
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