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    STOCKS PLUNGED OVER 5

    Nasdaq, S&P 500 futures fall as Nvidia turbulence unsettles AI stocks

    Futures tracking the Nasdaq 100 fell significantly after Nvidia shares plummeted due to leadership concerns. Reports about CEO Jensen Huang led to a decline in investor sentiment towards AI-linked stocks. Additionally, the upcoming Producer Price Index data is raising inflation expectations among investors. Concerns over economic impacts and geopolitical risks remain prevalent, with a December rate hike by the Federal Reserve anticipated.

    Wait for policy, not political promises on data centres: LPL Financial Group MD on AI selloff

    The November 3 US midterm results triggered a sharp repricing of AI and technology stocks, with investors fearing that the gains for Democrats could delay infrastructure expansion underpinning the AI boom. The sell-off intensified on November 5, when the Nasdaq Composite saw its steepest single-day fall in 19 months, plunging 5.52%. Nvidia fell over 9%, AMD 17% and the semiconductor index more than 12%. The Nasdaq 100 lost about $2.5 trillion in market value.

    Nvidia Stock Sell-Off Deepens: Spy scandal, price target cuts put AI giant under pressure
    Microsoft market cap beats Nvidia's for first time since June 2025

    Microsoft overtook Nvidia as the world's most valuable company on Tuesday, as the chip giant's shares fell on uncertainty over the outlook for AI and an investigation into whether

    Tech investor SoftBank Group logs $7 bn quarterly net loss

    The company's profits routinely see wild fluctuations linked to the volatile value of global technology stocks and its changing portfolio of investments and acquisitions.

    Japan's Nikkei surges nearly 3% as AI stocks extend rebound; SoftBank jumps 14%

    Japan's Nikkei index jumped nearly 3% on Tuesday as AI and semiconductor stocks recovered from Friday's sharp selloff. SoftBank Group surged over 14%, leading the tech-driven rally alongside chip equipment makers, despite overnight losses in Nvidia shares and cautious sentiment near key resistance levels.

    The Economic Times
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