Kathmandu. Stock markets around the world fell sharply on Friday. The world’s major stock markets, including the United States, have come under pressure as oil prices continue to rise.

According to international media, the market has been hit hard by the sharp fall in the shares of companies related to artificial intelligence technology.

The U.S. S&P 500 index fell about 1.2 percent from its historical high the previous day. The Dow Jones Industrial Index, down 537 points, while the Nasdaq lost about 1.5 percent. The market has been volatile in recent months as shares of tech companies have risen sharply due to the growing enthusiasm for artificial intelligence.

Shares of Nvidia, one of the leading companies in the artificial intelligence sector, fell 4.4 percent. However, so far this year, the company’s share price has gained more than 26 percent. Shares of Micron Technology are down 6.6 percent, though the company’s stock price is still up about 154 percent this year.

Analysts say that the market has reached a high level and the decline is natural. A strong US economy and strong corporate earnings have pushed the market to a new high, but there are warnings that the coming days will not be easy.

Meanwhile, oil prices continue to rise due to the ongoing war in the Middle East. The closure of the Strait of Hormuz, the world’s most important oil supply route, has disrupted international oil supplies, especially as the conflict with Iran escalates. Oil prices have risen around the world due to the inability of oil tankers to move, which has added to inflationary pressures. The rise in oil prices has added more uncertainty to the global economy, which has a direct impact on the stock market.