The Economic Times

Why Nvidia, AMD, Palantir and Intel crashed today: whats happening with AI stocks as Nasdaq falls over 300 points

Nvidia, AMD, Palantir and Intel crashed today: Nasdaq plunged 300+ points as key AI and chip stocks sold off sharply. Nvidia fell over 3%, AMD dropped more than 15%, Palantir slid nearly 12% and Intel lost about 4%. Weak guidance from AMD and rising profit-taking in AI names triggered broad tech losses. Traders shook out overvalued growth stocks. Investors shifted to value sectors. The sharp decline shows crackling sentiment in AI stocks and deep market rotation.