Technology stocks faced renewed selling pressure across global markets on Thursday, with chipmakers and software firms leading the decline.
The broad-based selloff marks a continuation of the volatility that has plagued the sector in recent sessions, as investors appear to be stepping back from the aggressive valuations driven by artificial intelligence enthusiasm.
The downturn followed a losing session on Wall Street, where tech-heavy indices struggled to find support.
European markets mirrored the sentiment, with Frankfurt and London exchanges seeing significant losses in their largest technology constituents.
The pressure suggests that the recent AI-driven rally is losing momentum, with traders rotating out of high-beta growth names.
This development comes as global equity markets have extended their downward trajectory over the past week.