US Markets Plunge: AI Worries, Inflation Drive Tech Stock Sell-off
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US Markets Plunge: AI Tensions & Inflation Fears Drive Sharp Decline
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CNBC Awaaz•27-02-2026, 22:55
US Markets Plunge: AI Tensions & Inflation Fears Drive Sharp Decline
•US stock markets experienced a significant decline on Friday, driven by growing concerns over Artificial Intelligence (AI) and higher-than-expected inflation data.
•Tech stocks faced continuous pressure, with investors questioning high valuations and future returns from massive AI investments; Nvidia shares fell 2.8%.
•Major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw declines, potentially breaking the Dow Jones' nine-month winning streak.
•The US Producer Price Index (PPI) rose more than expected in January, fueling inflation fears, while uncertainty over tariffs also contributed to market volatility.
•UBS downgraded US equities to 'Neutral' due to high valuations; Dell Technologies surged 16.6% on AI server revenue expectations, while Zscaler dropped 14%.
