BUSINESSJul 7 · 15:29 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

AI stocks resume their drops and drag markets lower worldwide

AI stocks fell sharply, dragging down global markets including the S&P 500, Nasdaq, and Dow Jones. Samsung Electronics dropped 6.9% in South Korea despite strong quarterly results, while Micron and Nvidia also declined. Concerns about overvaluation and AI's profitability, along with rising oil prices and corporate news, weighed on investor sentiment.

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Samsung ElectronicsorganizationS&P 500topicNasdaqtopicDow Jones Industrial AveragetopicMicron TechnologyorganizationNvidiaorganizationSpaceXorganizationVertex PharmaceuticalsorganizationCrinetics PharmaceuticalsorganizationRivian AutomotiveorganizationStrait of HormuzplaceBrent crudetopic

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