Mumbai, Feb. 13 -- The Nasdaq plunged 469.32 points (2%) to 22,597.15, the S&P 500 tumbled 108.71 points (1.6%) to 6,832.76 and the Dow slumped 669.42 points (1.3%) to 49,451.98.

A broad sell-off hit Wall Street as investors grew increasingly concerned about how the rapid artificial intelligence build out might pressure revenues and profit margins across sectors beyond technology including financial services, transportation, logistics, and commercial real estate. Renewed weakness in tech shares also weighed on sentiment, led by a sharp 12.3% plunge in Cisco Systems (CSCO) after the company issued disappointing guidance despite reporting better-than-expected fiscal second-quarter results, dragging the NYSE Arca Networking Index down 3%. ...