AI stock sell-off drives S&P 500 down 4.4%, signaling broad market turmoil.
Context
What happened: A sell-off led by AI data center stocks swept Wall Street, with the S&P 500 posting its worst day since April 2025.
Key numbers: S&P 500 fell 4.4% to 7,353.73. Dow sank 1,833 points, or 3.4%, to 51,523.06. Nasdaq tumbled 5.5% to 24,315.00 and sits 11.9% below its record. Nvidia fell 9.3%, AMD 17.3%, CoreWeave 9.8%, GE Vernova 7.5%.
Why it matters: Worries that AI data center construction may slow on expensive borrowing, plus Democratic midterm wins raising the possibility of construction pauses, hit stocks that carry heavy S&P 500 weight.
Coverage: 3 outlets in 24h
Why it matters
Worries that AI data center construction may slow on expensive borrowing, plus Democratic midterm wins raising the possibility of construction pauses, hit stocks that carry heavy S&P 500 weight.