Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

SpaceX valuation plunges $600B in renewed tech rout; Nasdaq 100 could lose over $1T

SpaceX sees billions wiped off as tech stocks slide again amid concerns over hawkish Fed and debt-funded AI spending, and if losses hold on Tuesday, the Nasdaq 100 could lose over $1 trillion in market value.

Wall St tumbles on tech as Fed, AI concerns mount

US stocks have tumbled on opening dragged down by a tech sell-off that could result in the ‌Nasdaq 100 losing over $A1.4 trillion in market value.

NBC: SpaceX Stock Tumbles In Global Tech Sell-Off

NBC News reports: Markets tumbled globally on Tuesday, as renewed doubts about sky-high valuations appeared to take hold of shares in some of the largest AI, chip and memory stocks. This deepening sell-off of leading technology stocks was led by Elon Musk’s SpaceX, which has slid for days after a blistering debut on the U.S. market. This latest tumult is caused in part by worries that rising inflation stemming from the Iran war and the closure o…

Wall Street tumbles as tech rout deepens; Nasdaq 100 slides over 3%, S&P 500 down by 1.5%

Technology stocks led a broad market sell-off, with chipmakers under pressure and weakness spreading across global markets.

Tech Stocks Are Set for Another Tumble as Nasdaq Futures Slide

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Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

Technology stocks came under heavy selling pressure on Tuesday, putting the Nasdaq 100 on track to lose more than $1 trillion in market value. SpaceX slipped below a $2 trillion valuation for the first time since its IPO, while chipmakers and AI-linked megacaps extended losses amid valuation and rate concerns.