AI stocks resume sell-off and drag Wall Street lower from record highs (opens in new tab)

for high-flying The S&P 500 dropped 1.7% after careening between an early gain of 1% and a loss of 2.3%, sinking further from set a week ago. The Nasdaq composite was 2.9% lower, and the Dow Jones Industrial Average was down 408 points, or 0.8%, as of 1 p.m. Eastern time. Indexes swung lower as companies selling computer chips, memory and other building blocks of the AI boom broke from early gains to losses. Micron Technology went from a jump of 4.2% to a drop of 7.6%, for example. That’s a d...