US stocks fall as inflation and AI financing worries weigh
US stocks fell sharply Wednesday, with the Nasdaq posting its biggest decline in three months, as inflation data strengthened and concerns grew over the cost of financing the AI buildout.
By Jamie McGeeverUS stocks fell sharply on Wednesday, with the Nasdaq clocking its biggest fall in three months, on surprisingly strong inflation data and deepening worries over the costs involved in financing the AI buildout. The inflation figures put a Fed rate hike later this month back on the t…