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US market crash: Nvidia, Intel among chip stocks plunging up to 9.5% as AI slowdown fears hit Wall Street

Reported by Abhishek Tiwari (Copy Editor) · Livemint - Markets ·

✓ — also reported by Economic Times - Markets

US market crash: Nvidia, Intel among chip stocks plunging up to 9.5% as AI slowdown fears hit Wall StreetRepresentative image · Wikimedia Commons

US market crash: Nvidia, Intel among chip stocks plunging up to 9.5% as AI slowdown fears hit Wall Street. Major US chip stocks faced selling pressure on September 14, with Nvidia and others declining significantly amid AI development concerns. The Nasdaq dropped 1.7% as investors anticipated a Federal Reserve rate hike and responded to calls for a slowdown in AI advancement. Major US chip stocks came under renewed selling pressure on Monday, September 14, following a brief rally in the previous session, as leading artificial intelligence companies raised concerns over the rapid advancement

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