- Artificial intelligence stocks, which have driven much of 2024's market gains, dropped sharply on Monday amid growing U.S. recession concerns.
- Nvidia and Super Micro Computer fell over 14% each, while other tech giants like Alphabet, Meta, and Amazon declined more than 6% in premarket trading.
- The sell-off follows disappointing July jobs data and worries that the Federal Reserve may be behind on cutting interest rates to boost the economy.
8 months ago
