🔥 8/10
↓ Negative
2 weeks ago
In The AI Age, A Tech Rout Affects The U.S. Stock Market A Lot
U.S. and global tech stocks fell, led by AI giants amid valuation and bubble concerns.
- The Nasdaq 100 entered correction territory, falling over 10% from its all-time high in June 2026, driven by a sell-off in AI stocks.
- Nvidia, the leading AI chipmaker, lost more than $200 billion in market capitalization during the rout, its steepest weekly decline since 2022.
- Analysts at Goldman Sachs and Morgan Stanley downgraded several AI giants, citing excessive valuations and slowing revenue growth from cloud and AI services.
By John Werner, Contributor
·
3 min read
·
Forbes
Read story →
