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Oil Jumps, AI Stocks Fall | Lexington News
Oil prices surge 4.7% to $79.59 a barrel as Middle East tensions disrupt oil flows through the Strait of Hormuz, while Wall Street sees a mixed performance—S&P 500 and Nasdaq dip, Dow edges up, fueled by AI stock corrections. Tech giants like Micron and Nvidia are under pressure as investor concerns grow over inflated valuations and unmet AI productivity promises. Asia’s tech markets, especially South Korea’s SK Hynix, take a hit, though Taiwan Semiconductor shows resilience. This week’s earnings reports from big banks like Bank of America and JPMorgan could sway sentiment—if they meet…
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