Here's what's behind the current tech stock selloff

Global tech stocks experienced a significant downturn on Tuesday as investors grew wary of persistent inflation and potential future interest rate hikes. This selloff underscores the growing nervousness about the economic environment and its impact on high-growth sectors like technology. The situation highlights how interconnected global markets are, with broader economic factors influencing specific sectors. This shift could signal a broader trend if inflation and rate hike concerns continue to weigh on investor sentiment.