AI Fears Rise Again on Wall Street

Meta's AI-driven cash-raising signal triggered a broad tech sell-off and a flight to Treasuries, pressuring AI-adjacent stocks across the board.

• Tech sell-off: Nasdaq fell 2.6% (steepest drop since June), S&P 500 lost over 1%, after Meta signaled it may raise cash for AI buildout; Meta, SpaceX, NVIDIA, Intel, CoreWeave all sold off.
• Flight to safety: 10-year Treasury yield dropped below 5% for the first time in a month, its sharpest one-day fall in three years, pulling 30-year mortgage rates to just over 7.3%.

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