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Financial Stocks Slide as Investors Worry About AI Bubble

Banks and other financial firms fell sharply as traders grew concerned that the artificial-intelligence boom could unwind, putting pressure on investors exposed to data-center developers and software companies.

Financial Stocks Slide as Investors Worry About AI Bubble

Shares of investment firms that have extended credit to, or invested in, data-center developers and software makers also declined. Blackstone, Blue Owl, KKR and Apollo Global each lost 3% or more.

Goldman Sachs Group and Morgan Stanley, whose businesses include investment banking, tumbled as investors feared a market selloff could curb deal activity.

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