AI Concerns Weighing on Nasdaq and S&P 500

New York Stock Exchange Exhibits Mixed Trends

The New York stock exchange completed the day with a mixed trend amid rising investor concerns regarding artificial intelligence. At the close, the Dow Jones Index gained over 250 points, rising by %0.53 to reach 49,500.90 points. However, the other two major indices, S&P 500 and Nasdaq, experienced losses of %0.51 and %1.51, respectively.

AI Concerns Place Pressure on Technology Stocks

The continued selling pressure, particularly in technology stocks, has left investors anxious about new developments in artificial intelligence. Following Anthropic's introduction of a new AI tool for use in legal, financial analysis, and sales, expectations rose that some companies' operations could be negatively impacted. Shares of software companies such as Oracle and CrowdStrike fell by %5.1 and %1.5, respectively.

Chip Manufacturers Also Affected Negatively

Chip manufacturer Advanced Micro Devices (AMD) saw its shares drop by %17.3 after its revenue forecasts fell short of analyst expectations. Following AMD's bleak outlook, a broad sell-off occurred in the semiconductor sector; Broadcom fell by %3.8, Micron Technology by %9.5, and Applied Materials by %6.6.

Volatility in Palantir and Alphabet Stocks

After reporting financial results that exceeded market expectations at the beginning of the week and rising %7, shares of Palantir Technologies faced a drop, particularly a decline of %11.6 yesterday. Additionally, Alphabet, Google's parent company, lost %2.2 in line with market expectations.

Positive Data from Super Micro and Eli Lilly

On the other hand, Super Micro Computer raised its annual revenue forecast with increased equipment demand for AI data centers, resulting in a %13.8 gain in its shares. In the pharmaceutical sector, Eli Lilly recorded a %10.4 increase after its revenue and profit figures for the last quarter of the previous year surpassed market estimates.

Macroeconomic Developments and Employment Data

Furthermore, private sector employment in the U.S. increased by 22,000 in January, though this figure fell short of expectations. Meanwhile, the Institute for Supply Management (ISM) reported that the Services Sector Purchasing Managers Index (PMI) came in at 53.8 in January, exceeding expectations.