US Stock Market Movement: Galaxy Digital plunges on October 8 — AI bubble warning, target price downgrade, and tech stocks retreat

Galaxy Digital October 8 Decline Interpretation

Keywords: AI bubble warning, target price downgrade, tech stocks retreat

1. On October 6, the CEO of Galaxy Digital warned that artificial intelligence is in the "biggest bubble". At the same time, the company is expanding its artificial intelligence infrastructure business, drawing attention to related valuation and project return risks.

2. On October 7, Goldman Sachs maintained a "hold" rating on Galaxy Digital and lowered its target price from $28 to $24, revising down valuation expectations.

3. On October 9, the Nasdaq 100 index declined, and stocks related to big data and data centers such as Oracle weakened; the yield on long-term US Treasury bonds rose to 5.618%, putting pressure on the technology and artificial intelligence infrastructure sectors.

(Disclaimer: This content is summarized by AI technology from publicly available information and is for reference only. It does not constitute investment advice.)