Mmastodon BusinessBusiness first seen 11 h ago, last 11 h ago, peak #6
Tech sell-off wipes nearly $1tn from US markets
Original: Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports https://www. theguardian.com/technolog
A sharp sell-off in US technology stocks erased nearly $1 trillion in market value after a series of disappointing corporate earnings reports, with losses concentrated in companies tied to artificial intelligence and datacentre investment. The drop has revived concerns that valuations in the AI sector have outrun actual returns, and investors are watching whether upcoming results will steady the market.
Why now: The scale of the losses and fears of an AI valuation bubble make the market fall a major talking point among investors.
US stock marketstechnology companiesartificial intelligence sectordatacentre operators
Evidence
- Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports https://www. theguardian.com/technology/202 6/oct/30/tech-stocks-drop-earnings-report # Technology # AiArtificialIntelligence # DatacentersUs # Business # StockMarkets # UsMarkets # UsNews #… · theguardian_world_news@halo.nu · 1
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