Steve Sosnick

Stories

Artificial intelligence stocks tumble after Democratic midterm sweep raises data-center doubts

Active market strategist

Technology stocks steadied on Friday, a day after the Nasdaq 100's 6.4% plunge. The Nasdaq Composite rose 1.09% to 24,579.42, the S&P 500 added 0.31% and the Dow Jones Industrial Average slipped 0.46%.

Updated 3 days ago

Notable Quotes

Yesterday there was the perception that no one needed protection and now it's 'Oh my god, we need it'.

from Artificial intelligence stocks tumble after Democratic midterm sweep raises data-center doubts · Updated 3 days ago

If the re-evaluation of the AI investment theme is secular and not just a trading type of rebalance, that's problematic.

from Artificial intelligence stocks tumble after Democratic midterm sweep raises data-center doubts · Updated 3 days ago