AI Stocks Fall, Wall Street Edgy Ahead of Key Jobs Report

• AI-linked stocks continued to sell off on Wall Street, leading to lower closes for benchmark indices like the Dow, S&P 500, and Nasdaq.
• The Nasdaq fell 0.6%, primarily due to declines in shares of Broadcom, AMD, and other AI-related companies, with Oracle also dropping 3%.
• Investor sentiment is divided on the valuations of AI stocks, with some seeing promise but others noting current prices reflect future results.
• Markets are on edge ahead of the crucial non-farm payrolls report, with projections of 50,000 jobs added and a 4.5% unemployment rate for November.
• A weaker jobs report could potentially spur markets higher, as it might increase hopes for further easing from the Federal Reserve.

Why It Matters: Upcoming jobs report and Fed outlook are driving market and AI stock volatility.