Tech Stocks Shed $1 Trillion as Nasdaq Falls Over 3% — SkimNews
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- Nasdaq dove more than 3% as US tech stocks tumbled under intensifying concern about AI spending, while the S&P 500 and Dow tanked.
- Tech stocks wiped out $1 trillion in value as concerns about the AI boom deepened.
Why it matters: Technology investors bore a quantified $1 trillion loss as the Nasdaq fell more than 3%, while the S&P 500 and Dow also tanked. The material change was breadth: concern about AI spending produced a cross-index Wall Street selloff rather than an isolated tech-stock drop.
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