AI meltdown: Nvidia and Qualcomm drop more than 9%, pushing Nasdaq to worst day since April 2025
Summary
Qualcomm shares dropped nine percent on Thursday morning following its latest quarterly financial results. This decline occurred as semiconductor stocks experienced a broader market sell-off after the recent election.
Companies tied to the AI buildout are all selling off as concerns mount about a slowdown following the midterm elections.
Source: Read the full story at US Top News and Analysis
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