AI Bubble Burst: Economic & Investor Impact

by Archynetys Economy Desk

LIVE | AI cloud around Nvida bursts, Wall Street sinks deeply into the red

The gain of 700 points on Thursday for the Dow Jones has evaporated, the index ends 390 points lower. AI predecessor Nvdia was lowered by 3 percent at the close, despite strong sales figures and an outlook. Analysts are losing hope for another interest rate cut in December in the US. All sectors are down. The AEX closed with a small profit at 934.9 points. Besi, ASML and ASMI led the way, behind financials such as ABN, NN and Aegon. UMG and InPost finished at the bottom.

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