Global Equities Flat as AI and Rate Fears Hit Tech
Global stocks finished flat as investor anxiety over artificial intelligence valuations and higher interest rates triggered a major selloff in chipmakers. Meanwhile, US Treasury yields dropped significantly while the dollar retreated from recent highs.
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Xurve View
Global equities ended flat on Thursday as rising funding costs and concerns over artificial intelligence spending triggered heavy selling across chip and technology shares. The benchmark S&P 500 rose 0.33% and the Nasdaq Composite gained 0.08%, recovering from early losses driven by healthcare and materials stocks. Investors are re-evaluating valuations across the technology sector amid questions regarding the long-term trajectory of data center demand.
