The Nasdaq 100 fell approximately 2% in early trading on Thursday, marking a sharp reversal from the modest gains seen in the previous session.
Broad-based selling across the technology sector dragged down the index, with several large-cap names posting significant losses as investor sentiment cooled once again.
The Nasdaq Composite had previously slumped 5% in late trading, marking its sharpest decline in months, before attempting to recover.
This downturn follows a period of volatility for US tech stocks, which had briefly stabilized after a severe sell-off earlier in the month.
The Nasdaq Composite had previously slumped 5% in late trading, marking its sharpest decline in months, before attempting to recover.
The current slide suggests that the earlier stabilization was short-lived and that selling pressure remains a dominant theme for growth-oriented equities.
The renewed weakness comes as markets continue to grapple with concerns over prolonged high interest rates and the sustainability of AI-related spending.