CNBC: US stocks lose trillion in one day

The American market experienced a sharp decline, losing approximately one trillion dollars in market value in a single session. This downturn was driven by a significant drop in technology stocks, especially Nvidia, Tesla, and Micron, leading to a 2.1% decrease in the Nasdaq index and a 1.4% decline in the S&P 500. Concerns intensified over the rising valuations of AI companies and the potential bursting of the artificial intelligence bubble, particularly amid the decline of Korean chip stocks such as Samsung and SK Hynix.

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