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Source: بوابة الشروق
19 Hrsبوابة الشروق
Source: بوابة الشروق
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Rania Yacoub, a member of the Egyptian Exchange’s board of directors, said the Nvidia crisis had deepened the sell-off in technology stocks, which had gathered pace since October, amid concerns about U.S. interest-rate hikes, persistent inflation and rising bond yields. She explained that higher interest rates increase financing costs and weigh on technology companies’ valuations, while prompting investors to reprice stocks and shift funds toward sectors that stand to benefit, such as banks. Concerns also grew over financing for data centers and profit-taking in AI stocks. The semiconductor index fell about 16% in October, while the Nasdaq dropped 0.9% and the S&P 500 0.4% in Friday trading; the Dow Jones, by contrast, rose 0.1%.
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