The stock market took a hit this week as AI-driven tech giants like Nvidia and Broadcom saw steep declines amid cooling demand for chips and rising investor caution under high interest rates. While these stocks remain up big for the year, the broader economy is struggling — homebuilders slow down, Home Depot’s shares falter despite strong earnings, and Big Tech’s data center investments may stall. Klarna tumbles despite solid results due to revised forecasts, and Meta’s stock drops as major legal battles over social media’s impact on kids begin. It’s a volatile landscape shaped by AI hype, economic headwinds, and legal risks.
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