A sharp wave of selling swept through major technology shares on Tuesday, triggering widespread doubt over the sustainability of the artificial intelligence boom.
The sell-off extended losses from the previous session, driven by a broad-based retreat in tech-heavy indices that struggled to find support.
4%. The decline was not isolated to a single name but reflected a sector-wide repricing as investors reassessed the near-term return on capital for AI infrastructure projects.
US equity futures pointed to a sharply lower open, with the Nasdaq 100 tumbling 2.8% and the S&P 500 declining 1.4%.
The decline was not isolated to a single name but reflected a sector-wide repricing as investors reassessed the near-term return on capital for AI infrastructure projects.
Global equity markets followed suit, with technology stocks bearing the brunt of the selling pressure.
The rout on Wall Street spilled over into European and Asian trading sessions, where tech-heavy indices also faced headwinds.