AI tech slide resumes

On Thursday, the sell-off led by AI tech stocks resumed following a respite on Wednesday. Fears over inflated valuations fueled the action and left the Nasdaq 1.9% lower. Faring slightly better were the S&P, down 1.12%, and the Dow which slipped 0.84%. Among the most influential stocks were Nvidia, finishing the day -3.65%, Tesla -3.5%, AMD -7.27% and Palantir -7.27%. Another key name was DoorDash, tumbling 17.45%.

Canadian equities performed better, but still saw losses. The TSX shed 220 points or 0.73% as only three sectors, including telcos, saw any gains. Healthcare, tech and industrials suffered heavy losses. Major movers: Lightspeed jumped 15.94%, B2Gold -5.96%, Suncor 1.89%, TransAlta -11.22% and Goeasy -17%.

Commodites were flat. WTI held around US$59.55 while gold traded at US$3,980. Bitcoin, however, sank US$3,000 to US$100,660.

💾 NVIDIA Corporation (NVDA-Q) -3.65%

🚗 Tesla Inc (TSLA-Q) -3.5%

💾 Advanced Micro Devices (AMD-Q) -7.27%

💾 Palantir Technologies (PLTR-Q) -7.27%

🚚 Doordash (DASH-N) -17.45%

💾 Lightspeed Commerce Inc (LSPD-T) +15.94%

🥇 B2Gold Corp. (BTO-T) -5.96%

🛢 Suncor Energy Inc (SU-T) +1.89%

💡 Transalta Corp (TA-T) -11.22%

🏛 goeasy (GSY-T) -17%