Analysts play down concerns and maintain confidence in AI boom after Nasdaq’s worst day since December 2022The tech-heavy Nasdaq stock index has deepened its losses after this week’s interventions by US presidential candidates, but analysts played down market jitters over chipmakers, saying the artificial intelligence boom would continue to support demand.New York’s Nasdaq composite index staged a brief recovery on opening on Thursday but was down more than 1% at midday eastern time, after posting its worst day since December 2022 on Wednesday. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/jul/18/nasdaq-losses-deepen-amid-market-jitters-over-us-policy-on-chipmakers
Author : Dan Milmo and Jack Simpson
Publish date : 2024-07-18 17:25:16
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Nasdaq losses deepen amid market jitters over US policy on chipmakers
