NBC News18h ago

Tech stocks wipe out more than $1.5 trillion as AI boom fears

AI Market Summary

Tech stocks suffered a severe selloff as AI enthusiasm reverses, with the Nasdaq 100 down 4.2% and semiconductor shares collapsing. Intel's 31% plunge and double-digit declines in AMD, ARM, Qualcomm and Marvell signal broad de-risking in high-valuation AI-linked equities. The Philadelphia Semiconductor Index fell 9%, underscoring systemic pressure across chip supply chains and weighing on short-term risk appetite.

Impact level

● High

Affected assets

NCSKINTC2USD/USDT-5.85%

AI Insight · NCSKINTC2USD/USDTAI Insight

▼ Bearish

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Tech stocks plunged, putting the Nasdaq 100 index on course for a more than $1.5 trillion drop.

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