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▸ Investor nerves over bubble in arti­fi­cial intel­li­gence weigh on Wall Street

▸ Dol­lar and Treas­ur­ies advance des­pite con­tinu­ing US gov­ern­ment shut­down

▸ European stocks edge lower amid polit­ical crisis in France

Wall Street stocks slipped from record highs yes­ter­day with tech­no­logy stocks pulling the mar­ket lower as investor nerves about a bubble in arti­fi­cial intel­li­gence were tested again.

Shares in Oracle — which have soared 65 per cent this year — fell as much as 7 per cent fol­low­ing reports that internal com­pany data sug­ges­ted chal­lenges con­cern­ing its plans to buy bil­lions of Nvidia chips and rent them out.

The blue-chip S&P 500 index dropped 0.4 per cent while the tech-heavy Nas­daq Com­pos­ite was down 0.6 per cent by early after­noon in New York after brief intra­day record highs in early trad­ing.

In spite of a flurry of recent deals between big AI com­pan­ies, some investors are increas­ingly con­cerned that US AI stocks exhibit char­ac­ter­ist­ics remin­is­cent of the dot­com era bubble.