Stocks Plummet Amid AI Bubble Fears

Stocks plummeted for the fourth consecutive day, marking a rare period of market turbulence. The Dow, S&P 500, and Nasdaq all experienced significant losses, with the tech-heavy Nasdaq tumbling the most. This downturn is largely attributed to growing concerns about a potential AI technology bubble. Despite the recent selloff, the broader market still shows positive returns for the year. Experts advise investors to weather this phase, as AI is expected to bring future economic benefits.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.