US chipmakers lead Wall Street slide on rate rise worries
The tech-heavy Nasdaq index closed 2.2% lower on Tuesday.
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Summary
The tech-heavy Nasdaq index closed 2.2% lower on Tuesday. Losses spread globally as investors questioned soaring valuations and spending on AI infrastructure A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs. Cerebras falls 10% after chipmaker forecasts shrinking margin in first earnings report since IPO.
Furthermore, Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company. Le Borse in Europa In Europa lo Stoxx Europe 600 è arrivato a cedere fino all'1,3% prima di recuperare parte delle perdite e chiudere in ribasso dello 0,7%. Gold futures fell more than 1% to around $4,135 per ounce, according to commodity market data noted by Investing.com.
In addition, West Texas Intermediate (WTI) fell about 1% to around $73 per barrel. Another two pure-play quantum companies, Infleqtion and D-Wave, saw their shares close up 12% and 2%, respectively.
Cross-referenced from 11 sources.
Factual coreconfirmed by several independent voices
The tech-heavy Nasdaq index closed 2.2% lower on Tuesday.
reliability moderate3/3 sourcesLosses spread globally as investors questioned soaring valuations and spending on AI infrastructure A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs.
reliability moderate2/2 sourcesCerebras falls 10% after chipmaker forecasts shrinking margin in first earnings report since IPO.
reliability moderate2/2 sourcesCerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
Le Borse in Europa In Europa lo Stoxx Europe 600 è arrivato a cedere fino all'1,3% prima di recuperare parte delle perdite e chiudere in ribasso dello 0,7%.
according to Sky TG24Gold futures fell more than 1% to around $4,135 per ounce, according to commodity market data noted by Investing.com.
according to Hindustan Times - World NewsWest Texas Intermediate (WTI) fell about 1% to around $73 per barrel.
according to Hindustan Times - World NewsAnother two pure-play quantum companies, Infleqtion and D-Wave, saw their shares close up 12% and 2%, respectively.
according to FortuneQuantinuum, formed in 2021 through a merger of Honeywell Quantum Solutions and Cambridge Quantum, led the pack, with its shares up more than 13% at market close.
according to Fortune
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No factual contradiction detected between sources.
Framing by sidesame fact, different words — loaded terms highlighted
No notable framing divergence.
Blind spotwhat one side keeps silent
The S&P 500 was also down by Tuesday afternoon, dropping 1.43% while the Dow remained steady.
omitted byCenterRight sidePublic / Agenciescovered byLeft sideLosses spread globally as investors questioned soaring valuations and spending on AI infrastructure A tech sell-off shook global markets on…
omitted byCenterRight sidePublic / Agenciescovered byLeft sideThe tech-heavy Nasdaq index closed 2.2% lower on Tuesday.
omitted byRight sidePublic / Agenciescovered byLeft sideCenterCerebras falls 10% after chipmaker forecasts shrinking margin in first earnings report since IPO.
omitted byLeft sideRight sidePublic / Agenciescovered byCenterCerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.
omitted byLeft sideRight sidePublic / Agenciescovered byCenter
Sources7 sources cross-checked
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Story timelinehow this story developed, day by day
Wednesday, June 24
- 12 h ago
US AI stock sell-off shakes markets from Wall Street to Asia
Reliability 71 · high12 sources5 independent voices7 countries · 2 languagesdisputedblind spot · Public / Agenciesrewrites detected Wall Street ends lower on semiconductor selloff as AI spending concerns mount
Reliability 45 · moderate3 sources2 independent voices3 countries · 1 languagesblind spot · Public / Agenciesrewrites detected
Tuesday, June 23
Big Tech leads sell-off in global stocks
Reliability 67 · high9 sources4 independent voices3 countries · 1 languagesrewrites detectedCerebras falls 10% after chipmaker forecasts shrinking margin in first earnings report since IPO
Reliability 56 · moderate6 sources4 independent voices2 countries · 1 languagesblind spot · Right siderewrites detected- 23 h ago
US stock market closes lower: S&P 500 falls 1.3%, Nasdaq drops 2% as global chip sell-off hits tech stocks
Reliability 41 · moderate5 sources3 independent voices2 countries · 1 languagesrewrites detected Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
Reliability 42 · moderate4 sources2 independent voices3 countries · 1 languagesblind spot · Public / Agenciesrewrites detected
Monday, June 22
The S&P 500 and Nasdaq closed lower, influenced by declines in megacap tech stocks and ongoing US-Iran negotiations, with oil prices falling and sector performance mixed
Reliability 69 · high8 sources8 independent voices6 countries · 3 languagesdisputedblind spot · Right sideUS stocks: S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
Reliability 63 · high8 sources4 independent voices4 countries · 2 languagesblind spot · Public / Agenciesrewrites detected