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AI Stocks Cool After Sharp Run-Up | Europe News
Description
Stocks took a hit this week as the S&P 500, Dow, and Nasdaq all slid, with AI-heavy tech stocks like Nvidia and Micron bearing the brunt of investor skepticism over inflated valuations. Following a strong run-up that pushed the S&P 500 to its all-time high last Thursday, the market’s recent pullback—now three straight days—is a classic correction, not a crash. While global markets showed mixed signals and bonds held steady, year-to-date gains remain robust: the S&P up over 12%, Nasdaq even higher. It’s a reminder that even in booming tech-driven markets, volatility is inevitable—and healthy.
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