Stock futures mixed after Nasdaq correction; Japan's Nikkei 225 enters bear market: Live updates - CNBC — SkimNews
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- Nasdaq plunged 5% in a broad tech sell-off, wiping out all post-election market gains for the Dow and S&P 500
- Japan's Nikkei 225 entered bear market territory, defined as a 20% decline from recent highs, amid global tech weakness
- Chip stocks led the downturn, with major Asian semiconductor firms including SK Hynix, Samsung, SoftBank, and TSMC tumbling in response to the Nasdaq correction
- Alphabet fell 13% in the selloff, contributing significantly to the Nasdaq's drop and reflecting investor concerns over AI-driven profitability
Why it matters: The $2.5 trillion in market value erased from tech stocks signals a sharp pivot from AI-fueled growth expectations to demands for near-term profitability. With chip stocks and major tech players hit hardest, investors are reassessing valuations amid slowing returns on AI investments.
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