The Nasdaq Is Down 1%. AI Stocks Are Sliding.
Core Viewpoint - Wall Street experienced a decline in major indices and specific stocks, particularly Oracle, following a report that negatively impacted investor sentiment regarding AI-related companies [1] Group 1: Market Performance - The Nasdaq Composite index decreased by 1% [1] - The S&P 500 index fell by 0.6% [1] - The Dow Jones Industrial Average dropped by 160 points, equivalent to a 0.3% decline [1] - The iShares Semiconductor ETF saw a decline of 2.2% [1] Group 2: Company-Specific Impact - Oracle's stock price decreased by 6% in response to the report [1]