Global Markets Drop Amid Tech and AI Stock Selloffs
TL;DR Summary
Stocks experienced a pullback after a recent rally driven by AI optimism, with tech shares leading declines amid valuation concerns, prompting a shift to safer assets like bonds and currencies; global markets showed signs of overheating and vulnerability.
- Stocks Tumble, Bonds Rise With Yen on Haven Bid: Markets Wrap Bloomberg
- SoftBank wipes out about $32 billion in market cap as Asian AI stocks slide on valuation jitters CNBC
- International stocks slide as concerns about AI and tech company values spread NBC News
- Global Chip Selloff Erases $500 Billion in Value as Fears Mount Bloomberg
- Asia Markets Drop in Tech-Led Selloff The Wall Street Journal
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