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Story summary
- U.S. stock indexes fell sharply as AI-related shares slumped.
- Major U.S. indices fell, with the S&P 500 down 1.4% and Nasdaq down 2.2% by 10:45 a.m. ET.
- Dow Jones slipped 0.6%, losing 295 points as markets weakened.
- Lam Research fell 9.7% after forecasting fourth-quarter profit below analysts’ expectations.
- Asian benchmarks fell, with Kospi down 3.5%, Hang Seng 3%, and Nikkei 2.7%.