US Stock Market See Their Worst Day Since 2022, AI & Tech Stocks Bleed | Vantage with Palki Sharma
The major tech stocks listed on Wall Street closed in red on July 24 due to a major selloff. Major tech companies including Nvidia, the biggest seller of AI chips lost almost 7%, Broadcom was also down by over 7% and Super Micro Computer was down by over 9%. Further, stock prices of tech giants Apple, Microsoft, Meta and Alphabet also fell. All these tech giants have been bullish on AI and spent a significant amount of money to develop AI tools and infrastructure. Investors also rode on AI sentiment and poured in around $9 trillion over the past year. But now, the investors are pulling out as scepticism grows over the business viability of existing AI tools. Palki Sharma tells you more.
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USA | Stock Market | Wall Street | AI Chips | Apple | Microsoft | Meta | Alphabet | Firstpost | World News | News Live | Vantage | Palki Sharma | News
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Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
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