Instant Reaction: Wall Street Gets AI Wake-Up Call with Deep Tech Selloff
From Bloomberg Tech · 3:52
Show by Bloomberg
Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Intel Corp. slid the most in over four decades as its outlook missed estimates. Amazon.com Inc. slipped 1.4% on greater capital spending. The S&P 500 dropped 1.8%, breaching its key 100-day moving average.For a quick recap of a bruising trade for big tech and equities broadly, hosts Tim Stenovec and Jess Menton speak with Bloomberg Markets Live blog managing editor Kristine Aquino.See omnystudio.com/listener for privacy information.
More episodes of Bloomberg Tech
More episodes
- Weekend Listen: Power On Talks Siri AI's Big Step Forward and Ternus' First Earnings Call
- AI Trade Bounces Back as Investors Buy the Dip
- Instant Reaction: US Adds 165,000 Jobs, Topping All Forecasts
- Tech Tumbles as Data Center Buildout Faces New Scrutiny
- Tech Mostly Higher After Democrats Win Control of Congress
- Apple's Happy Holiday Forecast Overshadowed by Shrinking Margin
- Earnings Special: Apple's Forecast Disappoints, Despite Topping Estimates
- Oracle Kicks Off $20 Billion Capital Raise
- Weekend Listen: Power On Talks Touchscreen MacBook + iPhone Duo “Crackgate”
- Intel Tumbles on PC Outlook, AWS CEO on AI Spending and Growth
PodSearch is a free, independent podcast search engine. Read about PodSearch, the privacy policy or contact us.