AI stock sell-off drags Wall Street lower again
Shares of artificial-intelligence companies fell again, pulling the S&P 500 down and sending small-cap stocks into correction territory.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Wall Street stocks fell on Wednesday, with the S&P 500, Dow Jones and Nasdaq posting their worst day since July, as companies tied to the AI boom dropped. SoFi Technologies, Plug Power and AST SpaceMobile fell to 52-week lows amid worries about those firms.
Why it matters
The sell-off has spread worldwide, with investors worried about how much longer the AI frenzy will last.
Timeline
- Oct 14, 9:22 PM ET: The S&P 500, Dow Jones and Nasdaq suffered their worst day since July, driven by drops in AI-linked companies.
- Oct 15, 9:48 AM ET: The Russell 2000 was down 2.8% for the week, moving small-cap stocks into correction territory.
- Oct 15, 9:59 AM ET: A fresh sell-off in AI stocks hit Wall Street again after whipping around the world.
Coverage
- Stocks making the biggest moves midday: CoreWeave, Salesforce, Rocket Lab, Kimberly-Clark & more (CNBC)
- More drops for AI stocks drag Wall Street lower after whipping around the world (lancasteronline.com)
- Small-cap stocks quietly slide into correction territory (CNBC)
- Why Did SOFI, PLUG, ASTS Stocks Plunge To 52-Week Lows? (Yahoo News)
- US Stock Market: Why have S&P 500, Dow Jones, Nasdaq suffered worst day since July at Wall Street? (Economic Times)
- Stock Market Trampled By Selling As Small Caps Mark A True Correction (Investor's Business Daily)
- Nasdaq Nosedives as AI Boosts Consumer Prices: Stock Market Today (kiplinger.com)
- Chip stocks slump as AI selloff and Chinese memory rival rattle markets
- CoreWeave shares fall as AI financing concerns grow
- AI stock selloff drives Wall Street to steepest weekly loss since June
- AI rout erases $1 trillion from chip stocks as selling persists
- Global tech sell-off hits Seoul hard, then Asian shares rebound
- Global tech sell-off hits chip stocks as South Korea's KOSPI plunges
More from Business
- Musk pledges SpaceX stock for every American child next year
- Small businesses sue to halt Trump's tariffs on Canadian imports
- Houthi attacks force Saudi Arabia to postpone investor conference
- Bank of America keeps October rate hike call despite markets
- Connecticut man admits losing $1.16M of investor crypto funds
- AI stock selloff keeps markets jittery as CoreWeave debt worries spread