US stocks tumble as Nasdaq, Dow, S&P 500 fall; chip stocks and AI data centre shares plunge

US stocks fall as Nasdaq, Dow and S&P 500 decline amid losses in chip and AI data centre shares. (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)

US stocks fell sharply on Thursday, with technology and semiconductor shares leading the losses. The Nasdaq was on track to enter correction territory as investors sold shares of chipmakers and companies linked to artificial intelligence (AI) data centres. US stocks fall as Nasdaq, Dow and S&P 500 decline amid losses in chip and AI data … Read more

AI stocks tumble as Nasdaq, S&P 500 fall and oil hits five-month high amid Iran war fears

AI stocks fall as oil prices hit a five-month high amid Iran war fears, dragging global markets lower. (Representative)

Stocks linked to artificial intelligence (AI) fell sharply on Thursday, dragging stock markets across the world lower. At the same time, oil prices climbed to their highest level in five months as investors worried about the war involving Iran and its impact on global energy supplies. AI stocks fall as oil prices hit a five-month … Read more

Trump Media Q2 results: US president-led media venture posts $238 m loss as crypto holdings tumble

Trump Media Q2 results: US president-led media venture posts $238 m loss as crypto holdings tumble

Crypto losses deepen Trump Media’s woes as company doubles down on Truth Social Trump Media & Technology, the company behind US President Donald Trump’s Truth Social platform, reported a $238 million loss in the second quarter, as the value of its bitcoin and Cronos holdings tumbled. The three-month loss through June was more than 10 … Read more