Global AI stocks experienced a significant downturn as investors sought refuge in the perceived safety of U.S. Treasurys, driven by a sharp selloff in French government bonds and a notable increase in oil prices, which surged past the $112 mark. This confluence of negative market forces created a climate of uncertainty, prompting a flight from riskier assets like technology stocks, particularly those tied to artificial intelligence, and highlighting the interconnectedness of global financial markets in reacting to geopolitical and economic pressures.
Adapted from: WSJ.com: Markets
