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Tech and Chip Stocks Extend Losses Amid AI Bubble Concerns
Tech and Chip Stocks Extend Losses Amid AI Bubble Concerns
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BTCCSquare news:
Tech stocks faced a second consecutive day of declines as investors retreated from high-flying AI-related names. The sell-off reflects growing skepticism about the sustainability of the artificial intelligence boom, with notable drops across semiconductor firms and cloud computing providers.
Nvidia and Alphabet led declines among megacap tech stocks, while chipmakers AMD and Broadcom fell more than 2%. AI infrastructure play CoreWeave dropped nearly 4%, continuing this week's rotation out of artificial intelligence exposures. The retreat follows a critical MIT study suggesting most companies see no return on AI investments, compounded by cautious commentary from OpenAI's leadership.
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