Wall Street down in the
Photo: Richard Drew/AP/TT

Wall Street down in the wake of AI concerns, Spotify plummeted

Continued war fears and concerns about gaps in the AI sector caused the New York stock market to be in the red on Tuesday.

At the close, the broad S&P 500 index had lost 0.5 percent, while the tech-heavy Nasdaq fell 0.9 percent and the Dow Jones industrial average lost 0.1 percent.

Currently, many investors are concerned by reporting in the Wall Street Journal about missed sales and user targets at the AI company OpenAI.

Several large tech stocks lost ground, with Nvidia down 1.6 percent while Intel and Oracle fell 0.5 percent and about 4 percent, respectively.

Spotify fell just over 12 percent following its latest quarterly report.

In addition to the AI doubts, the Iran war continues to cast its shadow over the financial markets, where there does not yet appear to be any solution in sight.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Tech

All