TREE NEWS reports: The US information technology index fell 2.48% to 440.91 points on Thursday, October 8. Coherent led decliners, dropping 9.63%, followed by ALAB, CoreWeave, IREN, NBIS, Corning, Lumentum, Oracle, Intel and SanDisk, which fell between 9.21% and 4.9%. Apple rose 1.11%, while Palantir gained 2.4%, MongoDB 2.29%, Snowflake 3.17%, Adobe 3.56% and Accenture 5.96%.
US info tech index falls 2.48% to 440.91; Coherent drops 9.63%
AI take
The breadth of the selloff matters more than the index move: optical and AI-infrastructure names like Coherent, Lumentum and CoreWeave fell hardest, while software and services names such as Accenture, Adobe and Snowflake gained. That split suggests the pressure is concentrated in hardware and datacenter-linked exposure rather than tech as a whole. Whether the divergence persists, or software catches down to hardware, is the open question.
Generated by AI for reference only.
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