‘Continuation of Concern’: AI-Fuelled Sell-Off Wipes US$1t From Big Tech
Concerns over costly AI investments and weak economic signals led to a nearly $1 trillion drop in major US tech stocks, including the Magnificent Seven, this week.
9 Articles
9 Articles
AI Euphoria Fades: Inside the $1 Trillion Tech Stock Meltdown
In a stunning reversal, more than $1 trillion has been erased from the market value of U.S. tech giants amid growing skepticism over artificial intelligence valuations. The Nasdaq Composite suffered its worst week since April, dropping 3% as investors questioned the sustainability of the AI boom, according to data from CNBC (link). This sell-off, which wiped out gains equivalent to the GDP of some small nations, highlights a shift in market sent…
US tech stocks plunge: AI giants lose $800 billion in valueUS tech companies have been hit by significant price drops in the past week. According to the Financial Times, eight of the largest AI giants have
AI Stock Crash Triggers Global Market Turmoil as Fears of ‘Tech Bubble Burst’ Grow - PUNE PULSE
Massive sell-offs, layoffs, and recession worries shake investor confidence amid doubts over inflated AI valuations. Sharp corrections in AI-driven tech stocks, massive layoffs, and recession worries put investors worldwide on alert. Global stock markets witnessed a steep decline this week as concerns surrounding an overstretched Artificial Intelligence (AI) sector triggered heavy sell-offs across Asia, Europe,
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