The stock market’s on edge as AI hype cools, sending Nvidia and Micron tumbling amid fears of overvaluation and weaker-than-expected demand. High interest rates are fueling investor caution, rippling across sectors from tech to homebuilding. Meanwhile, Klarna plummets despite strong earnings due to revised outlooks, and Meta dips ahead of a major child safety trial. Globally, markets are split — South Korea swings wildly with the AI boom-and-bust cycle, while others hold steady.
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