Global Tech and AI Stocks Plunge Amid AI Bubble Fears
Originally Published 2 months ago — by NBC News
Stocks experienced their first weekly decline in three weeks, primarily driven by a sharp sell-off in artificial intelligence-related companies like Microsoft, Nvidia, and Meta, erasing over $820 billion in market value amid concerns over high valuations and geopolitical tensions. The broader market was also affected by economic uncertainties due to the ongoing government shutdown and weak consumer sentiment, although some tech giants like Apple and Amazon managed to hold steady.
