Nasdaq, S&P end lower as tech stocks fall
Summary
U.S. markets closed mixed as the Nasdaq and S&P 500 fell on pressure from tech stocks and valuation concerns. The article highlights how AI-related capex, higher rate fears, and OpenAI’s in-house inference chip announcement weighed on chip and infrastructure names. Cerebras Systems dropped after its post-IPO forecast signaled softer margins, adding to concern around the AI hardware and software ecosystem. The piece also notes that lower oil prices lifted airlines and travel stocks while investors waited for the latest inflation data.
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