TOKENPOST
1 min read
Add as a preferred source on Google

AI Valuation Concerns Weigh on Nasdaq as Tech Stocks Extend Losses

Investors were also weighing financing costs as technology shares continued to fall.

By Enna Lee
Published
A semiconductor wafer sits beneath a heavy steel block / TokenPost.ai
A semiconductor wafer sits beneath a heavy steel block / TokenPost.ai

U.S. equities moved in mixed directions by midday Thursday, Oct. 15, while further losses in technology shares kept the Nasdaq under pressure.

Investors were weighing valuations for artificial intelligence (AI) companies and the costs of financing their businesses. Those concerns accompanied another decline in technology shares.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…