AI Tech Stocks Plummet, Bitcoin Drops

Global stock markets plummeted today, with the Nasdaq leading the decline, as investors grapple with concerns over the sustainability of AI growth. Nvidias stock, despite impressive earnings, ended up losing value. The tech sector, including Palantir and Softbank Group, also saw significant losses. Meanwhile, cryptocurrency stocks are struggling, with Bitcoin losing twenty-four percent this month alone. The market fear index, VIX, surged fourteen percent, reflecting the volatile trading environment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.