Inflation Exceeds Expectations, Reigniting Rate Hike Bets! AI Stock Selloff Intensifies, Nasdaq Futures Continue to Fall in Pre-Market Trading

Zhito Finance APP has learned that as the latest U.S. inflation data came in above market expectations, triggering investor concerns about rising interest rates and higher financing costs for the artificial intelligence (AI) industry, U.S. AI-related stocks suffered a selloff on Wednesday. This selloff extended into Thursday, with stock markets in China, Japan, and South Korea all declining collectively. After the Nasdaq closed down 1.88% on Wednesday, its futures fell more than 1% again in pre-market trading on Thursday.