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AI stocks keep swinging sharply and drag Wall Street with them
AI stocks are experiencing sharp declines, dragging down major U.S. market indices like the S&P 500, Dow Jones, and Nasdaq. Super Micro Computer fell 18.4% after announcing a $7 billion fundraising plan, while Micron Technology saw significant intraday volatility. Market swings are linked to AI stock overvaluation concerns and anticipation of high-profile IPOs like SpaceX.
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Adjacent reporting
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