Dossier
Hock Tan
Coverage of Hock Tan in the Nexus archive.
- 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.