AI hype cools as Nvidia, Micron and AMD lead tech stock slide
TL;DR Summary
Nvidia, Micron, and AMD led a tech-sector sell-off as investors shifted to risk-off after hawkish signals from the Fed, with the XLK down about 2% and Nvidia off more than 4% while Micron tumbled about 13% ahead of its earnings; Alphabet also fell closer to 1%, and other AI-related names joined the retreat as the AI trade cools and tech leadership faces renewed selling pressure.
- Nvidia, Micron, AMD lead tech sell-off as AI trade cools Yahoo Finance
- Tech Stocks Retreat on Concerns over AI Spending, Valuations WSJ
- Asian stocks wobble after tech-led selloff, volatility risk highlighted Reuters
- Asian Stocks Set to Extend AI Chip-Fueled Selloff: Markets Wrap Bloomberg
- Nasdaq closes down more than 2% as global tech sell-off deepens The Washington Post
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