{
  "id": 16091340,
  "title": "Worldwide drops for AI stocks send Wall Street toward its worst day since July",
  "url": "https://urgent.news/2026/10/22/worldwide-drops-for-ai-stocks-send-wall-street-toward-its-worst-day",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T19:17:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20261023/worldwide-drops-for-ai-stocks-send-wall-street-toward-its-worst-day-since-july"
  },
  "original_language": "en",
  "account": "Global markets experienced a significant decline on Thursday due to drops in artificial intelligence (AI) stocks, bringing Wall Street closer to its worst day since July. The S&P 500 fell 1.4 percent, reaching its lowest point since July, while the Nasdaq composite sank by 2.8 percent. Despite the weakness in tech stocks, the majority of U.S. stocks managed to rise, resulting in a more modest 0.2 percent decline for the Dow Jones Industrial Average, which stood at 113 points as of 2:30 p.m. Eastern time.\n\nAI-related stocks faced increased uncertainty due to concerns over potential threats to their boom, primarily driven by the rising costs of borrowing money to construct data centers and acquire more AI chips. Additionally, worries persist that AI stock prices were inflated following a prolonged frenzy, even though industry companies continue to report robust growth. For instance, Lam Research, a company specializing in semiconductor equipment and services, reported slightly better-than-expected profits and revenue for the summer.",
  "summary": "NEW YORK — Drops for stocks in the artificial-intelligence industry are dragging markets down worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran. The S&P 500 fell 1.4 percent toward its worst day since July, while the Nasdaq composite tumbled 2.8 percent. The weakness for tech stocks was so overwhelming that it masked strength for the…",
  "key_points": [
    "AI stocks drop sharply, Wall Street near worst day since July",
    "S&P 500 falls 1.4%, Nasdaq composite sinks 2.8%",
    "Dow Jones Industrial Average declines 0.2% despite mixed results"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}