Nvidia, Alphabet, Microsoft, Drag S&P, Nasdaq Lower | Wall Street Today
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AI dreams, Silicon Valley persists, while Wall Street hesitates.
"Follow the money" on Wall Street believes that AI technology has not yet reached the expected level of practicality, investing too much not only fails to recover costs, but also easily triggers a bubble. However, technology giants in the midst of the AI whirlpool are still frantically investing money, aiming for a future.
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Key Nvidia Supplier SK Hynix Stock Drops Nearly 8% Following US Tech Sell-Off Despite Record Quarterly Profit Reveal
Technology stocks encountered a "Black Wednesday", USA's "hard landing" should not be ignored!
Some popular recession indicators are continuously alarming, and the yield curve has been inverted for two years, releasing recession signals of unemployment rate. The market is paying attention to whether the second quarter GDP to be released on Thursday will trigger a red light warning.
Options Market Statistics: Nasdaq Suffers Worst Day Since 2022 Amid Big Tech Selloff