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Friday, October 23, 2026Updated 01:55 UTC

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

Source: Guardian World · Oct 22, 2026 21:50 UTC

Trading floor of the New York Stock Exchange with banks of monitors — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

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 f

Read the full story at Guardian World

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