Wall Street slid overnight as renewed AI concerns weighed on tech stocks, dragging the Nasdaq down 2%. AMD led the sell-off, posting its steepest decline since 2018 after a disappointing outlook. In Europe, shares closed at record highs, bucking the global tech weakness. In commodities, oil prices jumped 3% on concerns around US-Iran talks, while copper fell as a stronger US dollar and inventory outlook pressured prices. Back home, Aussie shares are expected to open lower, tracking the continued tech rout.

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