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Times of India

Wall Street slips as Nvidia, AMD and Micron lead AI-stock pullback; Nasdaq down 0.4%

AI Market Summary
US equities were pressured as AI bellwethers (notably Nvidia, AMD and Micron) led a valuation-driven tech selloff, pulling the Nasdaq lower despite broad-based gains across most S&P 500 constituents. Softer US manufacturing data helped cap Treasury yields, partially offsetting rate fears, while easing oil prices reduced near-term inflation anxiety amid ongoing US'Iran uncertainty. The tape is dominated by positioning and multiple compression rather than new fundamentals.
Impact level
● Medium
Affected assets
NCSKNVDA2USD/USDT+2.63%
AI Insight · NCSKNVDA2USD/USDTAI Insight
● Neutral
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U.S. stocks came under pressure on Wednesday as AI-related shares fell, with Nvidia down 2%, Advanced Micro Devices down 4.2% and Micron Technology down 6.2%. Ongoing valuation reassessments in the AI sector helped push the Nasdaq Composite down 0.4%. The S&P 500 edged down 0.1%, while the Dow Jones Industrial Average rose 0.2%.
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