Monday’s bloodbath in Nvidia and other AI stocks wiped out some $1 trillion from the stock market’s value.
With healthy hiring and some progress on inflation, Fed official have said that the pace of rate cuts will slow this year.
That is the amount of stock-market value the tech bloodbath wiped out Monday, according to Dow Jones Market Data. Some reactions: Leon Cooperman, billionaire stock picker: “Everybody was bulled up in ...