Stock Market Today: Nasdaq Sinks 5% as AI Selloff Hits Chip and Data-Center Stocks, Oil price at $96 - Eurasia Business News

The Nasdaq fell 5% as a selloff in artificial-intelligence-related shares hit chipmakers and data-center stocks, according to Eurasia Business News. The move reflects a sharp reassessment of the companies most tied to AI infrastructure spending, which had led the market higher. With oil priced at $96, the session combined equity weakness with elevated energy costs, a mix that can weigh on sentiment across growth sectors.

For readers, the key takeaway is concentration risk. Chip and data-center names carry heavy weight in the Nasdaq, so declines in those groups can move the index more than headlines about the broader economy might suggest. A 5% single-day drop is a notable repricing, but it is also a reminder that AI-linked valuations rest on expectations about future demand and capital spending, which can shift quickly.

What to watch: whether the selling broadens beyond AI-linked names, how energy prices at $96 feed into inflation expectations, and whether upcoming earnings and capital-expenditure guidance from chip and data-center companies confirm or challenge the growth narrative.