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Nasdaq drops over 2% amid AI debt concerns
Tech stocks experienced a significant decline this week, with the Nasdaq falling about 2.5% on Friday and nearly 5% for the week, marking its worst performance since June. Concerns over rising interest rates and mounting debt in AI-related companies, particularly CoreWeave, have heightened market anxiety. Semiconductor chip stocks also declined sharply amid fears of oversupply and geopolitical tensions, contributing to increased market volatility.
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