Cypherpunk Shares Plunge 34.63% Amid Global AI Sell-Off, Fed Uncertainty

The share price dropped to a record low today, with an intraday decline of 34.63%.

The sharp decline follows a global sell-off in artificial intelligence stocks, with companies like Palantir Technologies and Super Micro Computer plummeting over 6% and 7.4%, respectively. Uncertainty over Federal Reserve rate cuts has also weighed on markets, with traders now pricing in a 51.9% chance of a December cut—down from 70% a week earlier. Meanwhile, China’s weaker-than-expected factory output and investment data have raised concerns about global demand for technology-driven solutions.

Investors are drawing parallels to the 2000 dot-com bubble as speculative enthusiasm for AI stocks cools. The S&P 500 and Nasdaq posted their worst days since April 2024, signaling a shift in risk appetite. With earnings and growth metrics under scrutiny, high-growth technology firms like Cypherpunk face heightened volatility as market participants reassess valuations amid macroeconomic uncertainty.

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