AI stocks sold off again: Intel plunges 28.59%, Nvidia falls 4.22%, Nasdaq drops 2.86%
On October 30, US AI concept stocks were sold off again, with the Nasdaq falling 2.86%, its worst single-day performance since June, and the Philadelphia Semiconductor Index dropping 7.20%. Intel plunged 28.59% on weak guidance, Nvidia fell 4.22%, AMD dropped 10.88%, and CoreWeave's bond yields climbed while its stock fell 37% cumulatively in October. Capital shifted toward defensive sectors such as consumer staples and healthcare, with Walmart rising 1.86%.
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