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BUSINESSJul 17 · 14:52 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

Swings for AI stocks whipsaw markets worldwide, while oil prices keep climbing

Global stock markets experienced volatility driven by swings in AI-related stocks, while oil prices rose due to the war with Iran. Tech-heavy indexes like the S&P 500 and Nasdaq declined, with chip companies under pressure amid concerns about unsustainable AI demand. A Chinese open-sourced AI model, Kimi K3, further disrupted markets by potentially reducing demand for Western tech components.

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Artificial Intelligencetopicoil pricestopicS&P 500topicNasdaq CompositetopicApplied MaterialsorganizationMicron TechnologyorganizationKimi K3organizationIranplaceTaipeiplaceTokyoplaceShanghaiplace
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Swings for AI stocks whipsaw markets worldwide, while oil prices keep climbing · The Nexus