Wall Street steadies as AI stocks tumble on spending concerns globally
Wall Street steadied after artificial intelligence stocks tumbled globally on concerns about the sustainability of the AI spending boom. The S&P 500 gained 0.2 percent while the Nasdaq fell 0.2 percent, with Nvidia declining 1.6 percent. Australia's ASX is poised to rise 0.9 percent at open, as investors reassess valuations amid higher borrowing costs.
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Published 15 Oct 2026, 18:20 UTC · Updated 15 Oct 2026, 18:30 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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