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Stock Market Today: Chip Stocks Plunge on AI Funding Worries
The stock market today is firmly in the red as a global rout in chip stocks deepens. Nvidia, AMD and Dell are leading the declines, with selling spreading from the United States across Asia as investors question whether the money behind the artificial-intelligence buildout will keep flowing. It is the kind of session that remindsโฆ
OpenAI Revenue Miss Triggers $2.7T AI Selloff on October 9
OpenAIโs $50 billion revenue disclosure, $20 billion below expectations, triggered a sharp selloff in AI stocks. Nvidia fell 3%, Oracle 6%, CoreWeave 8% on October 8.
Solana Drops 5.4% to $109.92 as Capital Flows to Bitcoin
Solana fell 5.4% in 24 hours to $109.92 as investors shift to Bitcoin. Altcoin season index dropped 8.33%, signaling risk-off sentiment.
Hyperliquid USD Drops 4.5% to $84.51 After $330M Token Unlock
HYPEUSD fell 4.5% to $84.51 on October 8 after a $330 million institutional token unlock and regulatory concerns in Singapore.
FBI Agent Reports 4 Ransom Emails in Nancy Guthrie Case, October 8
Retired FBI agent Jennifer Coffindaffer received four ransom emails demanding 25 bitcoin and 2 bitcoin for Nancy Guthrieโs return. She reported them to the FBI and believes they were scams designed to exploit followers of the case.
Arthur Hayes Warns AI Boom Will Waste Trillions, Predicts Crypto Rally by 2028
Arthur Hayes predicts AI data-center overbuilding will lead to a market crash and bailout by late 2027 or 2028, positioning Bitcoin to benefit from excess liquidity.
Zcash Falls 0.6% to $1,326 as Grayscale ETF Records First Weekly Outflows
Zcash drops to $1,326 as Grayscale Zcash Trust sees $93.6M in weekly outflows, signaling institutional pullback from privacy assets.
Nike Stock Hits 13-Year Low as Q1 Revenue Misses, Layoffs Loom
Nike shares plunge 9% to 13-year low after Q1 revenue miss and weak FY2027 outlook. Company plans $2.5B cost cuts and layoffs starting 2027.
Zcash Slides 3.6% to $1,287 as ETF Outflows Weigh on Sentiment
Zcash fell 3.6% to $1,287.07 on October 2 amid $30.25M in Grayscale ETF outflows and lingering concerns from the Bitget hack.