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The Nexus
BUSINESSJul 13 · 20:19 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

Oil prices jump following the latest fighting in the Middle East, while AI stocks sink

Oil prices rose 9.6% due to Middle East conflicts disrupting the Strait of Hormuz, while AI-related stocks like Micron Technology and Nvidia fell amid concerns over unsustainable demand. Global stock markets, including the S&P 500 and Nasdaq, declined as tensions over oil shipments and AI sector profits weighed on investor sentiment.

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Strait of HormuzplaceDonald TrumppersonMicron TechnologyorganizationNvidiaorganizationSK HynixorganizationTaiwan Semiconductor Manufacturing Co.organizationBrent crude oiltopic
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