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Market Recap – US indexes plunge as AI‑related stocks tumble
Nasdaq entered correction territory after a broad sell‑off driven by disappointing guidance from Qualcomm, Micron’s halted expansion, and concerns over AI infrastructure funding; Nvidia fell 9%, the Magnificent 7 lost over $1 trillion in market cap, while labor productivity rose 3.6% and jobless claims fell to 189,000, the lowest since 1969.