US stocks opened lower on Wednesday after hotter-than-expected inflation figures unsettled investors and raised concerns that the Federal Reserve could increase interest rates again.
Nasdaq Falls 0.4% as Nvidia, Micron and AMD Extend Chip Sell-Off
The Nasdaq Composite fell around 0.4% at the opening bell on Tuesday, as another round of selling hit major semiconductor companies.
Chipmakers lead Wall Street losses in early trading
Wall Street’s chipmakers were among the biggest fallers on Monday, as investors reacted to concerns that a slowdown in AI development could weaken demand across the sector.
Wall Street Tech Heavyweights Slide as AI Safety Fears Hit Markets
Wall Street headed for a weaker open on Monday as AI safety concerns, rising oil prices, and expectations of a Federal Reserve rate hike weighed on global markets.