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The Nexus
BUSINESSJul 17 · 18:16 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

AI stocks keep falling, while oil prices keep climbing

AI stocks and tech indices are declining amid concerns about unsustainable demand for computer chips, while oil prices rise due to the war with Iran. The S&P 500, Dow Jones, and Nasdaq all fell, with chip companies like Applied Materials and Micron Technology under pressure. A Chinese open-sourced AI model, Kimi K3, further shook markets by potentially reducing demand for Western tech components.

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S&P 500topicDow Jones Industrial AveragetopicNasdaq CompositetopicApplied MaterialsorganizationMicron TechnologyorganizationKimi K3organizationIranplaceNetflixorganizationIntuitive Surgical Inc.organizationSpaceXorganization
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