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BUSINESSJul 16 · 17:40 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

Slumping AI stocks overshadow gains for the rest of Wall Street, while oil prices drift

AI-related stocks like Nvidia, Micron, and Western Digital declined sharply, dragging down global markets despite gains from companies like Abbott and UnitedHealth Group. Oil prices rose near a one-month high amid concerns over Iran-related disruptions in the Strait of Hormuz.

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NvidiaorganizationMicron TechnologyorganizationWestern DigitalorganizationAbbottorganizationUnitedHealth GrouporganizationS&P 500organizationBank of KoreaorganizationBrent crudetopic
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Slumping AI stocks overshadow gains for the rest of Wall Street, while oil prices drift · The Nexus