Nasdaq slides into correction as AI-boom doubts grow
Written by AI from edition.cnn.com's report. Not checked by a person.
CNN reports the Nasdaq fell into correction territory as US midterm results raised new questions about the AI boom; Reuters says Nvidia fell about 5.5%.
According to CNN, the Nasdaq dropped into correction territory, meaning a fall of at least 10% from its peak, as midterm election results raised fresh questions about the artificial intelligence boom. Reuters reported that Nvidia was among the weakest large technology names, down about 5.5% on the day. The move came alongside a hotter US inflation report and increased expectations of higher interest rates. I could not open the full articles, so this relies on search summaries dated around 10-11 November.
