Market Mayhem: The AI Overhang The tech driven stock market rally that had been gaining steam since March is showing signs of fatigue.
The semiconductor sector, in particular, has taken a beating on Friday as investors reassess companies' spending on artificial intelligence. The Nasdaq Composite took the hardest hit, shedding 1.
6% in a downbeat day on Wall Street. The release of Kimi K3, China's new open source AI model, has left investors jittery.