Tech stocks tank on Wall Street. Is the chip bubble finally popping?

Tech stocks are experiencing a significant downturn, with the Nasdaq Composite Index dropping by nearly 2% on Tuesday, following a 1.3% decline on Monday. This sell-off has particularly hit major chipmakers, fueling fears that the long-running boom in artificial intelligence and semiconductor industries might finally be bursting. While some traders view this as a temporary setback, the implications of such a decline are substantial, potentially signaling a broader correction in tech investments and reshaping market dynamics.