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

Oct 22, 2026 · 9:50 PM UTC · 0 reactions · 0 comments · 14 views

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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 for tech stocks was so overwhelming that it masked strength for the rest of the US market, in which t

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World news | The Guardian

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Original publisher	World news \| The Guardian
Canonical URL	https://www.theguardian.com/business/2026/oct/22/stock-markets-drop-ai-oil
Publication time	Thu, 22 Oct 2026 21:50:13 GMT
Retrieval time	2026-10-22T21:59:36.753Z
Last seen	2026-10-22T21:59:36.753Z
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Cluster	iV8XnnNSHwMZ · 1 stories
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