Chip Stocks Slide on Interest Rate Concerns; Nasdaq Index Drops 2%

US stocks fell after another drop in semiconductor shares and inflation above expectations. The inflation data reinforced expectations that the Federal Reserve would continue raising interest rates. During these trades, the S&P 500 ended its longest stretch without a 1% drop in more than six years […]

The American stock market faced a decline in value after the semiconductor companies' shares fell again and inflation exceeded expectations. The US Army announced the destruction of an Iranian-affiliated vessel in the Oman Sea. The US Army announced that its forces destroyed an Iranian-affiliated vessel in the Oman Sea on October 6. Goolsby, a member of the Federal Reserve: the inflation statistics were disappointing; Monetary policy must react. Goolsby, a member of the Federal Reserve, called the consumer price index data "disappointing" and announced that if the current levels of inflation continue, Elon Musk: Starshield is under the control of the US government and Starlink is not used aggressively. Elon Musk announced that the Starshield systems are owned and controlled by the US government. Deciding on any speed limit or Barkin reports no massive job losses from AI and higher-than-expected inflation Federal Reserve member Thomas Barkin says he sees no sign of massive job losses due to AI, Fed halts new bond purchases for third straight month New York Fed for third straight month from injecting more money into financial system by buying new bonds become

The American stock market faced a decline in value after the semiconductor companies' shares fell again and inflation exceeded expectations. These inflation data strengthened expectations for the continuation of interest rate hikes by the Federal Reserve. During these trades, the S&P 500 index ended its longest streak without a 1% drop in more than 6 years, and the Nasdaq 100 index fell 2%.

The main indicator of major chip manufacturers, including Nvidia and Broadcom, has fallen by 20% compared to the peak in June. Investors are increasingly concerned about rising interest rates, excessive valuations, and the high costs of developing AI infrastructure. At the same time, Corvio's bonds fell to critical levels, and the manager of the group called the sentiments ruling the market "irrational".

After a long hiatus caused by legal hurdles, Apple is preparing to launch its artificial intelligence platform in mainland China. These regulatory requirements had previously prevented the company from offering its AI capabilities in one of Apple's most important markets.