US Stocks Decline Broadly, AI Tech Shares Suffer Significant Losses
Major US stock indices fell on October 14, with artificial intelligence-focused technology companies experiencing substantial declines. Both the Nasdaq and S&P 500 registered losses.
U.S. stock markets experienced a broad decline on October 14, with key indices including the Dow Jones, Nasdaq, and S&P 500 closing in negative territory. Technology stocks, particularly those involved in artificial intelligence, saw significant drops.
The Nasdaq 100 index fell by 1.5%. The Philadelphia Semiconductor Index plummeted by 4.3%, marking its longest streak of six consecutive down days since May 2025, with an accumulated drop of over 12%.
Several companies within the AI sector experienced considerable devaluations. CoreWeave and Dell saw their values decrease by approximately 15% and 10% respectively, while storage chip and optical communication stocks generally declined.
An exception to this negative trend was Apple, whose stock experienced an increase. The company's market capitalization surpassed $5 trillion for the first time, making it the second company globally, after Nvidia, to reach this milestone.
Market sentiment was broadly negative across global exchanges. South Korea's KOSPI index fell over 7%, triggering a trading halt, while Japan's Nikkei 225 index dropped more than 4%.