Photo: The New York Stock Exchange building on Wall Street (file image)
Business & FinanceNasdaq plunges 5.52% in worst day since April 2025 as AI sell-off wipes out post-election rally
Wall Street's post-election rally lasted a single day as the Nasdaq fell 5.52% on Thursday, its worst session since April 2025, with chip stocks leading a rout that pushed the index into correction territory.
Photo: Nvidia chief executive Jensen Huang
USATrump vows “close” scrutiny of reported China spy plot targeting Nvidia chief Jensen Huang, calling him “brilliant” and “above board”
President Donald Trump said on Saturday the United States will examine very closely allegations that Chinese intelligence targeted Nvidia chief executive Jensen Huang through a businesswoman linked to a Singapore data-centre firm, while saying he would keep Huang as an adviser unless something contrary emerged.