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AI Sparks Market Rout
Wall Street saw a sharp sell-off across market sectors, with AI companies hit by fears that political shifts could bring regulatory restrictions and curb spending on infrastructure and data centers. The Nasdaq 100 fell more than 6% in its worst session since March 2020, while the S&P 500 dropped about 4.4% and Nvidia shares slid more than 9%. The semiconductor index also plunged 12%, as investors turned to U.S. Treasuries, driving yields lower.
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