NEW YORK (AP) — Wall Street’s superstars are tumbling Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on.
The S&P 500 was down 1.9% in midday trading and heading for its worst day in more than a month. Big Tech stocks took some of the heaviest losses, with Nvidia down 17.6%, and they dragged the Nasdaq composite down 3.3%.
Stocks outside of AI-related industries held up much better,…
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https://apnews.com/article/stocks-markets-tariffs-trump-rates-52c54e361616509280bd2775674b6b4b
