NZX 50 holds steady as Wall Street tech sell-off hits AI stocks

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Photo / Getty ImagesThe Nasdaq decline comes as investors globally question the scale of AI investment in data centres, a New Zealand investment adviser says. Photo / Getty ImagesThe New Zealand sharemarket, lacking any real AI-related stocks, held its ground in the face of a sharp sell-off on Wall Street as the oil price neared a recent high. The S&P/NZX 50 Index had a blip at midday, falling to 13,669.84, but otherwise traded reasonably steadily and closed at