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CBS News

Tech stocks tumble as AI debt fears rattle Wall Street

AI Market Summary
AI infrastructure debt concerns triggered a broad tech selloff, with the Nasdaq down 2.1% for its worst week since June and chipmakers sharply lower. CoreWeave, a debt-financed neocloud, fell about 24% weekly, highlighting financing risk. Sticky inflation and rising rate-hike odds add pressure, weighing on high-multiple growth and AI-linked equities near term.
Impact level
● High
Affected assets
NCSKCRWV2USD/USDT+5.20%
AI Insight · NCSKCRWV2USD/USDTAI Insight
▼ Bearish
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Wall Street is pulling back from chipmakers and other tech companies amid concerns about the debt incurred to build out AI.