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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

AI bubble fears return as Wall Street falls back from short-lived rally

Nvidia United States
Man on floor of stock exchange
Traders on the floor of the New York Stock Exchange on Thursday. Photograph: Spencer Platt/Getty Images

Fears of a growing bubble around the artificial intelligence frenzy resurfaced on Thursday as leading US stock markets fell, less than 24 hours after strong results from the chipmaker Nvidia sparked a rally.

Wall Street initially rose after Nvidia, the world’s largest public company, reassured investors of strong demand for its advanced datacenter chips. But the relief dissipated, and technology stocks at the heart of the AI boom came under pressure.

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