Courtesy: CBS

The U.S. stock market sank sharply in early trading, with investors increasingly skittish about the strength of the artificial intelligence boom.

The S&P 500, which set a record high in late October, fell 78 points, or 1.2%, to 6,594 roughly an hour into Tuesday’s session. The Dow Jones Industrial Average and tech-heavy Nasdaq Composite dropped 1.2% and 1.6%, respectively.

The S&P 500 remains up more than 12% this year, the Dow has added 8% and the Nasdaq has risen more than 15%.

AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker’s drop of 3.2% brought its loss for the month to nearly 11%, putting it in “correction” territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial

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