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Tech stocks shed $1 trillion as AI boom doubts grow

Original: Tech stocks wipe out $1 trillion in value as concerns deepen about the AI boom The broader S&P 500 lost 1.8%, while the

A selloff erased roughly $1 trillion from US tech stocks as investors grew more skeptical of the AI boom. The Nasdaq 100 posted its worst day since June, and the broader S&P 500 fell 1.8%. Analysts point to mounting worries that heavy spending on artificial intelligence will not pay off as quickly as expected.

Why now: Investors are rattled by signs that the AI investment rally may be overheating, prompting a sharp market correction.

Nasdaq 100S&P 500US tech stocks

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Evidence

• Tech stocks wipe out $1 trillion in value as concerns deepen about the AI boom The broader S&P 500 lost 1.8%, while the Nasdaq 100 had its worst day since June. https://www. nbcnews.com/business/markets/t ech-stocks-nasdaq-ai-boom-fears-deepen-rcna606512 # ai # daytrading #… · geospart · 6

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