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The Nasdaq 100 has dropped 6% in 10 days amid a broader AI sector rout, with technology shares declining further on Friday and investors reacting to a September CPI inflation reading of 3.7% and a PPI of 6.3%.
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Key sources
- SOURCE@kobeissiletter“The Nasdaq 100 extends losses to over -1% on the day and hits a new sessions low”x.com
- SUPPORT@vector__news“Barclays downgraded Dell, HPE and NetApp, and Dell shares fell as much as 11%”x.com
- SUPPORT@wolf_financial“The AI trade got hit from every angle. Server and hardware names like Dell, Hewlett Packard Enterprise and NetApp fell the most”x.com
- SUPPORT@negligible_cap“$DELL down 20% in the last 2 days”x.com
- SUPPORT@kobeissiletter“the Semiconductor Index is now experiencing its 4th correction over the last 135 calendar days, its highest number of corrections within any 135-day period since 2002”x.com
- SUPPORT@thestalwart“Nasdaq 100 futures off another 1.1%”x.com
- SOURCEhuggingnewshuggingnews.com
- SOURCEmarketbrief.now