Artificial intelligence stocks faced another wave of selling on Thursday, driven by concerns about funding for computing infrastructure and Lam Research’s disappointing outlook for the current quarter. Nvidia, Micron, Intel, Qnity, GE Vernova and Meta declined, while Meta fell nearly 6% despite reporting strong revenue growth. Investors rotated into defensive sectors, particularly healthcare and consumer staples, which ranked among the best-performing S&P 500 sectors. Johnson & Johnson rose more than 2%, Kimberly-Clark continued its advance, and higher oil prices coincided with falling bond yields, indicating a flight to safety.
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