Nasdaq losses deepen amid market jitters over US policy on chipmakers

Analysts play down concerns and maintain confidence in AI boom after index’s worst day since December 2022

The tech-heavy Nasdaq stock index has deepened its losses after this week’s interventions by US presidential candidates, but analysts played down market jitters over chipmakers, saying the artificial intelligence boom would continue to support demand.

New York’s Nasdaq composite index staged a brief recovery on opening on Thursday but was down 0.7% at the end of the day, after posting its worst day since December 2022 on Wednesday.