Sanalda.comBETA

World

AI stocks just lost $5 trillion — but the stock market's sweetest stretch might be now

The AI trade just had its scariest October in years. The rest of the stock market barely noticed. The biggest AI and chip stocks have shed about $5 trillion in market value since Oct. 6, by Yahoo Finance calculations. Nvidia ( NVDA ) and Alphabet ( GOOGL ) have each given up roughly $835 billion in market cap, and Intel ( INTC ) lost nearly half its value in October. Everything else? The other 625 large US stocks in that tally added about $1.3 trillion. And while the S&P 500 ( ^GSPC ) slipped th

Publication and source

PublicationSanalda Haber

SourceYahoo News

Published

CategoryWorld

Summary from the source publisher’s news feed.

Read the full story at source ↗