Concerns about artificial intelligence plunge Wall Street

Concerns about funding for artificial intelligence have emerged following Meta's announcement of a new capital raise, leading to significant declines in tech stocks. The Nasdaq fell by 2.60%, marking its worst day since June, as investors sold off AI-related stocks. Meanwhile, the S&P 500 dropped 1.21%, while the Dow Jones remained stable, indicating a shift in investor focus from AI to other sectors.