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AI stocks tumble: Is the semiconductor bubble bursting? Analytics Table
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A brutal sell-off swept through Wall Street on Nov 5, as concerns grew that the United States midterm election results could slow or derail the artificial intelligence data centre investment boom. The tech-heavy Nasdaq sank 11.9 per cent below its record high set last month, while AI chip giant Nvidia plunged 9.3 per cent, weighing heavily on the S&P 500. But is the semiconductor boom really under threat, or has the market overreacted? Scott Zelniker, executive managing director of Zelniker Dorfman Private Wealth at Steward Partners, tells CNA’s Asia First why he believes the sell-off has been overdone, and whether the latest market turmoil could present opportunities for investors. Read more: https://cna.asia/4BMhfLe Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia
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