Concerns over AI sector debt, major Nasdaq decline all week
The technology sector of the US stock market has faced a sharp sell-off amid concerns over the growing debt burden in the artificial intelligence (AI) sector and high interest rates. Last week, the Nasdaq Composite Index fell by nearly 4.5 percent, its worst weekly performance since last June. At the same time, the S&P 500 Index fell 1.09 percent. News from CNN.