US AI stock sell-off shakes markets from Wall Street to Asia
AI Summary
A significant sell-off in US AI stocks sent ripples through global markets, with the tech-heavy Nasdaq opening 2% lower and the Dow and S&P 500 also experiencing drops. Investors are scrutinizing the inflated valuations and hefty spending on AI infrastructure, prompting a reevaluation of tech sector growth. This shake-up underscores broader concerns about the sustainability of tech stocks' explosive rise and has major implications for market stability and investor confidence worldwide.
Original Source
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