The Nasdaq fell more than 1%, with AI-related stocks extending their losses.

According to BIT (bit.com) market data, the three major U.S. stock indices showed mixed performance on October 16: the Dow rose 0.44%, while the Nasdaq and S&P 500 fell 1.09% and 0.11%, respectively. Meanwhile, AI-related stocks declined broadly, with specific losses including: COHR down 5.89%, LITE down 4.06%, AAOI down 5.83%, SKHY down 5.13%, STX down 5.84%, WDC down 4.84%, SNDK down 4.29%, and MU down 4%.