Asia markets slumped Friday after SoftBank tumbled more than 10% and stronger-than-expected U.S. hiring cut the odds of a December Federal Reserve rate cut.

With the Dow closing down nearly 500 points Tuesday and the S&P logging its longest slide since August, experts are pointing to concerns over an AI bubble. NBC’s Brian Cheung joins TODAY to break it all down.

The finance industry is grappling with how it can screen for employees with the critical-thinking skills needed to get the best out of AI tools.

Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.

Shares have lost gains from a September AI-fueled pop, and the company’s debt load is growing.

Wall Street's "fear gauge" jumped on Thursday, as investors digested the release of delayed jobs data from September while an earlier surge in AI plays fizzled. The Cboe Volatility Index was up more than 14% to more than 27,

In the deal announced Tuesday, Nvidia and Microsoft will invest up to $10 billion and as much as $5 billion, respectively, in AI developer Anthropic ( ANTH.PVT ). Anthropic will buy $30 billion of compute capacity from Microsoft Azure, and Anthropic and Nvidia will collaborate on design and engineering, the companies said.

The U.S. stock market is slumping as superstars swept up in the mania around artificial-intelligence technology keep weakening. The S&P 500 fell 1.5% Thursday.