AI Stock Wipeout Sends S&P 500 Down More Than 3%
Shares of AI and tech companies fell sharply, and Wall Street reeled as the S&P 500 dropped more than 3% in one session. The sell-off hit investors broadly, showing how much money now rides on AI companies. Reports did not name a single cause beyond the broader market fall.
Quick glossaryS&P 500, Wall Street
- S&P 500
- A main US stock index that tracks the share prices of 500 of the biggest listed companies.
- Wall Street
- The US financial district and the name often used for the country's major stock markets.
Burning Potato score: 65%