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The Guardian

October 22, 2026

Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump

By AI Tool Hub Analyst

"Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showing The latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran. The S&P 500 fell 1.2% for its worst day since July, while the Nasdaq composite tumbled 2.6%. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the US market, in which th"

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Original Source

This analysis is based on reporting originally published by The Guardian.

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Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump | AI Tool Hub