HUFFPOST - SpaceX Shares Drop Below IPO, With More Volatility To Come
The selloff is an ominous sign as more shares are likely to flood the market.
NPR (John Ruwitch) - Is AI 'one big bubble?' Behind the tech selloff
Investors are selling off AI-related stocks as doubts are starting to surface over whether the massive spending on AI is worth the investment or whether "it's one big bubble."
AXIOS (Nathan Bomey) - AI bubble fears send tech stocks plunging
Tech stocks shriveled up Tuesday as fears about an AI bubble sapped market momentum. Why it matters: Chatter about a bubble has been prominent in recent months but hasn't yet delivered a long-lasting blow to stocks. Driving the news: The tech-heavy Nasdaq Composite Index fell 2.5% shortly after the opening bell. - The broad S&P 500 index was down roughly 1%. Zoom in: It's a particularly ugly day for chip memory and data storage stocks. - They suffered some of the worst declines early, after a 10% overnight drop in South Korea's KOSPI index, which is dominated by memory chip makers Samsung Electronics and SK Hynix. - In the U.S., memory chip maker Micron dove more than 10% in early trading, storage device maker Sandisk plunged more than…
YOUTUBE (The Hill) - Major stocks, gold, silver prices all dip after Trump taps Kevin Warsh as new Fed chair | Sunrise
After President Trump early Friday morning nominated former Federal Reserve board member Kevin Warsh to be the central bank's next chair, gold and silver saw a significant selloff, while U.S. stocks dipped.
AI:President Trump officially nominated former Federal Reserve board member Kevin Warsh to serve as the next Chairman of the Federal Reserve. Following the announcement early Friday morning, financial markets reacted immediately with a significant selloff in gold and silver prices alongside a dip in major U.S. stocks.Open