Today’s Market Recap: AI Panic Intensifies, Global Assets Fall Broadly

Tracking Market Trends

TradingKey - On the eve of the U.S. CPI data release, AI panic escalated. Amid deep-seated concerns that artificial intelligence will disrupt business models across many industries, U.S. stocks, commodities, and cryptocurrencies all tumbled as capital flowed into U.S. Treasuries.

The S&P 500 fell 1.57%, the Dow Jones dropped 1.34%, and the Nasdaq plummeted by more than 2%.

On the market front, Cisco (CSCO) plunged 12% following weak guidance. Apple (AAPL) slumped 5%, leading the decline among tech giants. In ETFs, software stock ETFs extended their decline, falling 2.7%.

U.S. Treasuries strengthened, with 30-year and 10-year yields both sliding more than 7 basis points.

The U.S. Dollar Index traded sideways. The Japanese yen marked its fourth consecutive day of gains. Bitcoin fell 3%, breaking below $66,000.

The sharp sell-off in U.S. equities appeared to trigger algorithmic selling in metals. Gold (XAUUSD) fell over 3%, breaking below $5,000, Silver (XAGUSD) plunged 11%. COMEX copper fell 3.6%. Crude oil dropped 3%.

Market Headlines

Google's Gemini 3 Deep Thinking model has received a major upgrade, breaking performance records in testing and officially focusing its application scenarios on high-complexity fields such as scientific research and engineering.

OpenAI announced for the first time that its large models will support Cerebras chips, breaking Nvidia's dominance in the AI training chip sector and accelerating the diversification of computing power infrastructure.

Storage giant Kioxia confirmed that the NAND "super cycle" continues to intensify, with Q3 net profit reaching 87.81 billion yen and full-year profit guidance significantly raised to 60% above market consensus.

Top 10 Stocks by Trading Value

The chart below lists the ten most actively traded stocks in the current market. Given their massive trading volumes and high liquidity, these stocks serve as key benchmarks for tracking global market dynamics.