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Chip selloff deepens Wall Street losses as doubts grew over AI returns

Image: The Economic Times. Rights remain with the publisher.

A significant selloff in semiconductor stocks affected major US indexes amid rising concerns regarding AI investment returns. The Nasdaq 100 dropped by 1.8%, continuing its longest losing streak since 2008. Market participants are questioning if AI infrastructure investments will yield profitable returns despite strong demand for chips.

Federal Reserve Chairman Kevin Warsh maintained a neutral stance on interest rates during discussions at the IMF meetings.

Read the full report on The Economic Times

Story file

Section
Business
Topics
Stock market, AI & gadgets
First reported by
The Economic Times
Reporter
etmarkets.com
Published
Friday, 16 October 2026, 11:29 pm IST
Coverage
One outlet so far

How this page works. The Headline Update lists this report from The Economic Times with a short summary and a link to the original. The original reporting and photograph belong to the publisher. Spotted an error in our summary? Tell our corrections desk.

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