World shares skid, following Wall Street's retreat fueled by worries over AI and interest rates

World shares skid, following Wall Street's retreat fueled by worries over AI and interest rates Updated 23 mins ago World shares have skidded following Wall Street’s latest retreat due to worries over AI and interest rates. In South Korea, where computer chip makers have struck an alliance with artificial intelligence chip supplier Nvidia, the Kospi sank 3.8%. U.S. futures fell and oil prices advanced. On Thursday, the S&P 500 sank 1.7% and the Dow Jones Industrial Average also dropped fell 1.7%. The Nasdaq composite lost 2.3%. Nvidia and other AI superstar stocks dragged the market lower amid continued worries that their prices had shot too high. Questions about whether coming cuts to interest rates that Wall Street has been banking on will actually happen also have dimmed investor sentim