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via finance.yahoo.comMarkets

Nasdaq falls 5.5% into correction as Nvidia, SanDisk and Western Digital sink

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. The Nasdaq Composite fell 5.5% on Thursday, entering correction territory as concerns about potential restrictions on artificial intelligence infrastructure and post-election policy changes triggered a broad technology selloff. The…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe tech and semiconductor selloff can significantly move US indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Nasdaq Composite fell 5.5% on Thursday, entering correction territory.
  2. 02The decline erased about $2.5 trillion in market value.
  3. 03The Philadelphia Semiconductor Index dropped more than 12%.
  4. 04Concerns about data center restrictions and energy and tax incentives weighed on stocks.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock181.60 USDMarket closedtoday -9.26%Negative Sandisk CorporationSNDKStock806.43 USDMarket closedtoday -22.26%Negative Western Digital CorporationWDCStock267.63 USDMarket closedtoday -17.35%Negative NASDAQ CompositeINDEX:IXICIndex24,315.00Market closedtoday -5.52%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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