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Nasdaq Drops Amid AI Stock Selloff
The U.S. market experienced a decline in the Nasdaq index of 0.4%, with selling pressure on artificial intelligence company shares, especially the Korean company Ellis, which dropped over 30% in its first trading session amid concerns about the sustainability of investment waves in the sector due to debt levels and demand forecasts. Shares of companies like Intel and MicroTechnology declined by approximately 2%, while stocks of Nvidia and Tesla rose by 1.4% and 3.8%, respectively, following a general market rebound yesterday. Fears of excessive borrowing and rising costs have dampened investor sentiment, with Asian markets declining after the previous night's gains in U.S. stocks.
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