The Economic Timesยท2025-11-08 15:50Market Performance - The top eight AI-linked states in the United States have lost $1.2 trillion in stock valuation since last Friday, marking the worst week in market performance since April [1] - The broader tech sector has seen significant declines, with the Nasdaq Composite falling 1.8% on Friday and heading for a weekly loss of 5.5%, the sharpest setback since April [7] Consumer Sentiment - The University of Michigan Index reports a consumer sentiment index at a new low of 52.3, down by 6.3 points, indicating a three-year low in economic confidence [2] - November's sentiment for the economy is at 50.3, the worst since July 2022, down from 53.6 in October [2] Company-Specific Impacts - Nvidia's shares dipped by 3% on Friday, a month after reaching a $5 trillion valuation, while Oracle saw a 4% decline on the same day [3][6] - Rightmove experienced a dramatic 28% plunge in shares after announcing future AI investments, recovering slightly but still down 12.8% by market close [4] - Microsoft shares fell by 0.5%, extending a losing streak that could become the longest in 14 years, with an 8.6% drop over the past eight trading sessions, wiping approximately $350 billion from its market capitalization [6] Industry Concerns - Reports from MIT indicate that many AI startups and established companies are showing zero returns and running losses, raising doubts about the sustainability of funding in the AI sector [8][9] - Major tech companies, including Tesla, Amazon, Alphabet, and Apple, also faced significant stock value declines amid concerns of an AI bubble [12]