The AI trade cracks as Nasdaq plunges
Investors are questioning how quickly Big Tech's massive AI infrastructure spending will translate into profits.
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- US stocks tumble as Nasdaq, Dow, S&P 500 fall; chip stocks and AI data centre shares plunge hindustantimes.com
- The Nasdaq plunges 4% — and toward correction territory — as election results spook AI and chip stocks qz.com
- Jim Cramer says the AI trade is not going away as Nasdaq enters correction cnbc.com
- Nasdaq set for correction as investors reassess AI spending boom channelnewsasia.com
