Wall Street ended lower on Friday, with AI chip stocks experiencing a significant downturn while Moderna and other healthcare companies surged. Investors are weighing the long-term potential of AI against concerns about the substantial investment required for data centers. Inflationary pressures, fueled by energy prices and chip costs, remain a concern, impacting companies like Apple and prompting discussions about potential interest rate hikes.
Wall Street closed lower on Friday, primarily due to a significant downturn in AI chip stocks and broader tech sector weakness. Conversely, healthcare companies like Moderna saw a surge. Investors are balancing the high investment costs for AI data centers against its long-term…
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.