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Nasdaq Sinks as Middle East Tensions and AI Valuation Fears Spark Tech Sell-Off

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Tech and chip stocks dropped sharply as escalating U.S.-Iran geopolitical tensions spurred higher Treasury yields and oil prices.
  • Investor sentiment was further dampened by lower-than-expected revenue projections from AI startup Anthropic, leading to a broad Nasdaq sell-off.
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