AI bubble bursting
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AI bubble bursting or deeper market correction? US stocks plunge as Nvidia crashes 4% and Palantir slides 1.2% — Wall Street’s favorite AI synonyms tumble big
The Economic Times· 2025-11-07 17:49
Adding to the gloom, the University of Michigan’s consumer sentiment index sank to 50.3, missing expectations of 53.2, while inflation expectations ticked up to 4.7%, signaling renewed price anxiety. The selloff hit other growth names too — Meanwhile, earnings added more chaos. Take-Two Interactive crashed 9% after delaying the release of Grand Theft Auto 6 until November 2026, despite profits doubling to $1.46 a share. In contrast, Expedia surged 17% on record bookings and strong earnings, while Akamai j ...