Stock Futures Plummet, AI Chip Giants Drag Market Down
Update: 2025-11-05
Description
Stock markets experienced a significant drop on Tuesday, with all three major averages closing lower. The decline was largely influenced by AMD's underwhelming earnings report, despite surpassing estimates. Investors are growing concerned about the recent AI-driven rally, potentially pushing valuations too high. Meanwhile, the Supreme Court is set to hear arguments on Wednesday regarding President Trump's tariffs, which could have global economic implications. Wednesday's earnings reports include major companies like McDonald's, Qualcomm, Robinhood, and Toyota.
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