US stock market plunged Friday as panic gripped investors and tech giants led the rout. The Nasdaq sank 1.9%, the S&P 500 fell 1.1%, and the Dow slipped 0.7% as sellers dumped growth stocks. Nvidia plunged over 4% after a US ban on AI chip exports to China, while Palantir, Tesla, and SoFi extended steep losses. Consumer sentiment dropped to 50.3 and inflation expectations hit 4.7%, stoking fear of slowdown. Take-Two crashed 9% on a GTA 6 delay, while Expedia jumped 17% on strong earnings. The AI stock bubble may be cracking faster than expected.
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