SMH
·australia
·22 days ago
ASX eyes uncertain start, Wall Street hit by AI slump
Wall Street tumbled as artificial-intelligence stock selloffs deepened globally, with the S&P 500 falling 1 percent to end its first losing week in three. The Nasdaq composite sank 1.4 percent while chip stocks including Nvidia dropped 2.2 percent on concerns about unsustainable AI demand.
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Published 19 Jul 2026, 19:22 UTC · Updated 19 Jul 2026, 19:30 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections