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BUSINESSJun 4 · 13:44 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

Slumping AI stocks weigh on Wall Street, even as oil price ease

AI stocks like Broadcom and Micron Technology declined despite strong quarterly results, contributing to a mixed U.S. market performance as oil prices eased. The S&P 500 fell 0.2% after a nine-day winning streak, while the Dow rose 1%. Analysts suggest AI stocks may be overvalued amid concerns of a market slowdown.

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BroadcomorganizationMicron TechnologyorganizationMarvell TechnologyorganizationCrowdStrike HoldingsorganizationHock TanpersonS&P 500topicAI semiconductortopicStrait of Hormuzplace
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