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CNBC's Oct 15 Morning Squawk and corroborating coverage from Reuters, Bloomberg, and BLS data confirm markets sliding on AI debt concerns and hotter-than-expected September CPI.

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Home/Markets/Markets slide on AI spending fears and hot CPI data
VERIFIEDBy Xavier Rivera·Thursday, October 15, 2026 at 9:07 AM EDT·1 min read

Markets slide on AI spending fears and hot CPI data

According to CNBC's Morning Squawk, markets fell on worries over AI-related debt loads and hotter CPI data that exceeded the 2% target for the 66th straight month. The moves underscore investor caution around tech spending and persistent price pressures.

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Markets slide on AI spending fears and hot CPI data
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TL;DRAI · 60 sec read

Wall Street opened lower Thursday after investors questioned heavy AI borrowing and September CPI rose more than forecast. CoreWeave shares fell over 15 percent, the S&P 500 and Nasdaq each dropped more than 1 percent, and Nvidia and Dell declined. CPI has now exceeded the 2 percent target for 66 straight months, the longest stretch this century.

According to CNBC's Morning Squawk newsletter, Wall Street opened lower Thursday as investors digested fresh signs of AI infrastructure overspending and inflation running hotter than expected.

CoreWeave shares drop more than 15% on AI debt concerns. The S&P 500 and Nasdaq Composite each fell over 1% after investors questioned heavy borrowing by tech firms for AI build-outs. Nvidia declined 1.6% in premarket trading while Dell posted its largest one-day loss in more than a year. Source: CNBC ↗

CPI exceeds 2% target for the 66th straight month. September consumer prices rose more than economists forecast, driven largely by energy costs. The streak marks the longest period above the Federal Reserve's target in this century, per a CNBC analysis. Source: CNBC ↗
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Diesel prices remain elevated ahead of midterms. Analysts see little near-term relief despite a recent U.S.-Russia diesel deal. A container ship sank in the Strait of Hormuz as attacks on commercial vessels increased. Source: CNBC ↗
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