Stock markets plunge in stunning reversal as investors reconsider AI shares
Channel: CBS News
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Duration: PT270S
Read a transcript preview of “Stock markets plunge in stunning reversal as investors reconsider AI shares” from CBS News, uploaded on 2026-11-05.
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Language: English (original, YouTube automatic captions)
[0:00] Wall Street is selling off sharply with
[0:02] the Nasdaq falling into correction
[0:04] territory and the Dow down more than a
[0:07] thousand points right now. Take a look
[0:08] at your screen. Down more than 1300
[0:11] points. Investors are dumping some of
[0:13] this year's biggest AI winners,
[0:14] including chip makers and data center
[0:16] stocks. And this comes as concerns grow
[0:19] over the massive AI blowout that it
[0:21] could be slowing down. The NASDAQ is
[0:23] down more than 4%, meaning it's on track
[0:26] for a 10% drop from its recent high.
[0:29] Let's go live now to CBS News Morning
[0:31] Watch correspondent Kelly O'Grady. So,
[0:33] Kelly, we are seeing a pretty dramatic
[0:35] reversal in some of the the biggest AI
[0:38] winners. So, can you explain to us
[0:40] what's driving this sudden sell