The great bet on artificial intelligence, which carried the American market for months, turned against it today. A global slide in chip shares dragged the Nasdaq lower.
The reckoning was not only on the screen but in the workforce, as one giant cut thousands of jobs to AI and another lost its top minds. The trade that powered the market now tests it.
Today’s USA & Canada Intelligence Brief covers the two economies’ finance, markets, companies, and policy. These are domestic stories, with the wider world kept to a single line of backdrop.
Wall Street — The Trade Turns
The Nasdaq Slides
