Stocks Fall on AI Fears as 10-Year Yield Hits 5%
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A rout in chipmakers dragged down stocks as leaders of artificial-intelligence giants called for a development slowdown, with the market also hit by a rally in oil that lifted Treasury 10-year yields to 5%. Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, gives her equity call amid the chip rout and energy price concerns. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: ht
Tags: AI, Bonds, Capex, Computing, Fed, Federal Reserve, Investing, Kevin Warsh, Lori Calvasina, Markets, Paul Sweeney, RBC Capital Markets, Sentiment, Software, Tom Keene, Treasuries, Yields, artificial intelligence, consumer, cut
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