In the afternoon session, a broad sell-off occurred as investors differentiated between winners and losers in the artificial intelligence boom. The Nasdaq fell 1.5%, with the S&P 500 and Dow Jones also experiencing significant declines. A stronger-than-expected U.S. jobs report impacted investor expectations for near-term interest rate cuts from the Federal Reserve, leading to a re-evaluation of monetary policy easing timelines. Stocks like Teradata (TDC) were affected, with shares exhibiting volatility. Despite being up 13.2% since the beginning of the year, Teradata stock remains below its 52-week high. The market overreaction to news presents buying opportunities.

Read more at Barchart: Amplitude, Toast, Zeta Global, Teradata, and SoundHound AI Stocks Trade Down, What You Need To Know