# The Dow Jones Industrial Average tumbled nearly 800 points, or 1.6%, to 47,949.

*business · news · 2026-03-05 · New York Post*

## Key points

- Broadcom forecasted its AI chip revenue will exceed $100 billion in 2025, boosting its shares.
- Investors now expect the Fed to delay a rate cut to September instead of July due to inflation concerns.
- US crude prices surged 6% above $79 a barrel as the Middle East conflict threatens global supply.
- OpenAI is scaling back ChatGPT's on-platform shopping checkout plans, easing disruption fears for marketplace businesses.
- A prolonged conflict could disrupt semiconductor material supplies and AI data center deployments in the Middle East.

**Companies:** Broadcom, Nvidia, Marvell Technology, Delta Air Lines, Royal Caribbean Cruises, Booking Holdings, Expedia, Trade Desk
**Countries:** United States, Israel, Iran

[Read the full story on New York Post](https://nypost.com/2026/03/05/business/dow-plunges-nearly-800-points-as-inflation-fears-iran-war-spook-wall-street/)

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