[U.S. Stock Market] Nasdaq falls 747 points, Intel plunges 28.6% as semiconductor stocks sell off on concerns over AI investment

The Nasdaq fell 747 points in the US stock market, with selling spreading to semiconductor stocks. Intel shares plunged 28.6%, and concerns over AI investment weighed on investor sentiment, according to reports.

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The story

In the US stock market, the Nasdaq Composite Index fell sharply in a single day, ending trading down 747 points.

Against this backdrop, Intel shares stood out for plunging 28.6%. Downward pressure on the semiconductor sector was reported to have intensified.

Concerns over AI investment were cited as a factor behind the market move, with selling reportedly spreading mainly across semiconductor stocks.

At a glance

MarketThe Nasdaq fell 747 points in the US stock market.

CompanyIntel shares plunged 28.6%.

TypeIt was reported that concerns over AI investment prompted selling in semiconductor stocks.

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