Latest / San Antonio News Today | 2 Min News | The Daily News Now!
AI Stocks Cool as Markets Retreat | San Antonio News
Asian markets plunged today as South Korea’s Kospi tumbled nearly 6%, dragged down by tech giants like Samsung and SK Hynix, echoing Wall Street’s recent retreat. AI stocks, once the market’s hottest trend, are cooling as investors question their inflated valuations and long-term profits. Rising bond yields, oil prices, and looming interest rate hikes are amplifying fears, chilling investor confidence and squeezing sectors like housing. The market’s rollercoaster ride is far from over — traders brace for a volatile few weeks as valuation, inflation, and growth concerns collide. Listen in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.