Nikkei marks 3rd largest single-day point drop on AI, chip concerns

The Nikkei stock index suffered the third-largest single-day point drop on Thursday, losing over 3,300 points, as selling of artificial intelligence- and semiconductor-related shares accelerated amid growing concerns over their profitability.The 225-issue Nikkei Stock Average ended down 3,318.34 points, or 4.90 percent, from Wednesday at 64,425.95. The broader Topix index finished 97.44 points, or 2.38 percent, lower at 3,999.34.On the top-tier Prime Market, the main decliners were nonferrous metal, electric appliance and glass and ceramics product issues.The U.S. dollar weakened, briefly f…READ FULL ARTICLE