AI Sell-Off Rocks Wall Street: Dow Plunges 1,000 Points from Record Highs

• Dow Jones plunged 1,000 points from record highs as an AI-linked sell-off resumed on Wall Street.
• Oracle's 5% stock drop, triggered by a Financial Times report on a data center deal, led to declines in Nvidia, AMD, Broadcom, and CoreWeave.
• Dow Jones ended 230 points lower, S&P 500 fell 1.2%, and Nasdaq dropped 1.8%, all closing below their 50-Day Moving Averages.
• Micron's stronger-than-expected earnings post-market offered a glimmer of hope, suggesting AI concerns might be company-specific.
• Fed Governor Waller indicated no rush for interest rate cuts due to persistent inflation; November CPI release awaited.

Why It Matters: Wall Street saw a significant AI-linked sell-off, with Dow Jones down 1,000 points, despite some positive signs.