AIBloomberg58m ago
The Nasdaq 100 drops 6%, losing a record $2.3T in value, and
The Nasdaq 100 drops 6%, losing a record $2.3T in value, and the Philadelphia chip index plunges 12%, on concerns over the AI trade after Democrats won Congress
TL;DRTech stocks crashed 6-12% as investors questioned whether AI hype justified valuations.
Why it matters: Major AI-dependent companies face repricing risk; policy uncertainty under new Congress adds pressure.
Technology stocks plunged the most since 2020 on Thursday as investors exited the sector on concerns over the artificial intelligence trade …
Read full articleSource: Bloomberg · Opens in new tab