Major AI stocks slumped on Wednesday following the latest hot US inflation report, highlighting investor concern about the risks posed by rising borrowing costs in this capital-intensive sector.
Among the leading decliners were data center operator CoreWeave, which fell 16%, AI infrastructure provider Nebius, off 11%, cloud computing giant Oracle, down 9%, and AI server seller Dell Technologies, down 11%. Together the declines erased some $80 billion of market value.
