Global Tech and AI Stocks Plunge Amid Valuation Concerns
TL;DR Summary
Asian stocks declined sharply due to fears of overstretched valuations following a tech-led selloff on Wall Street, with Japan and South Korea experiencing significant drops, while concerns about the sustainability of the recent rally grow among investors and CEOs.
- Stocks tumble as stretched valuation fears grip markets Reuters
- SoftBank wipes out about $32 billion in market cap as Asian AI stocks slide on valuation jitters CNBC
- Global Chip Selloff Erases $500 Billion in Value as Fears Mount Bloomberg
- Asia Markets Drop in Tech-Led Selloff The Wall Street Journal
- International stocks slide as concerns about AI and tech company values spread NBC News
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