The Economic Times

Why Nvidia, AMD, Intel stocks crash today: Magnificent Seven fall broadly as all open lower except Apple amid AI concerns and earnings pressure

Why Nvidia, AMD, Intel stocks crash today: Magnificent Seven stumble as all open lower except Apple, with AI spending fears, Fed jitters, and earnings risk shaking chip stocks. NVIDIA drops nearly 3% after hitting a record high. Advanced Micro Devices falls over 4%. Intel also declines sharply. The Magnificent Seven open weak, with only Apple holding gains. Rising oil above $100 and bond yields near 4.37% pressure valuations. Investors react before key earnings from Microsoft, Amazon, and Alphabet. AI optimism cools after OpenAI revenue concerns.