Global markets slide as AI stock sell-off hits Wall Street and Asia
By
Lauren Aratani
Summary
A tech sell-off driven by AI and chipmaker stocks shook global markets, with the Nasdaq opening 2% lower and the Dow and S&P 500 also declining. This comes after all three major US indices hit record highs this year fueled by AI investment. The sell-off spread globally as investors questioned soaring valuations and massive spending on AI infrastructure, shifting attention away from US-Iran tensions.
Source
bskyGlobal markets slide as AI stock sell-off hits Wall Street and Asiatheguardian.comKey quotes
· 3 pulledA tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs.
The tech-heavy Nasdaq index opened 2% lower on Tuesday.
Losses spread globally as investors questioned soaring valuations and spending on AI infrastructure
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