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News  ›  The Motley Fool

Why Canaan Stock Dived by 9% on Monday

The Motley Fool Logo The Motley Fool By Eric Volkman
Why Canaan Stock Dived by 9% on Monday

Canaan's stock dropped over 9% due to cryptocurrency market volatility, macroeconomic uncertainties, and potential shifts in AI and data center investments.

Insights
CAN   negative

Stock declined 9% due to broader cryptocurrency market weakness, uncertain trade relations between US and China, potential Federal Reserve interest rate decisions, and cooling investor enthusiasm for AI and data center stocks