AI stock sell-off: are Mag 7 stocks still buys? ETFs in focus
FROM THE WIRE · FINANCE.YAHOO.COM
Technology stocks came under pressure last week as concerns about AI financing and spending weighed on investor sentiment. The sell-off hit major AI infrastructure players and pushed both the S&P 500 and Nasdaq Composite into negative territory for the week. AI infrastructure…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe slump in AI infrastructure stocks and free cash flow concerns weigh on the S&P 500 and Nasdaq.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Last week tech stocks fell on concerns about AI financing and spending.
- 02CoreWeave and Nebius each ended the week down more than 25%.
- 03Baird flags doubts over free cash flow at CoreWeave, Nebius and Oracle.
- 04The cost of capital has risen amid inflation worries.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA Corporation216.43 USD-0.63%today -0.31%Negative CoreWeave, Inc. Class A Common Stock62.16 USD-1.44%today +1.71%Negative Nebius Group N.V.168.80 USD-1.93%today -0.84%Negative Oracle Corporation132.41 USD-0.70%today +2.18%Negative S&P 5007,719.85-0.07%today +0.38%Negative NASDAQ Composite26,474.42-0.13%today +0.16%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets