Tech Stock Sell-Off Pushes Wall Street Toward Worst Day Since June
Major US stock indexes were heading for their worst day since June as technology shares fell sharply. Reports say Wall Street closed lower on fears about heavy cash spending on AI, and the sell-off wiped out nearly $1 trillion in value.
Context
Big tech firms have poured huge sums into AI data centres and chips over the past few years, and investors are now asking when that spending will pay off. Markets often swing sharply when that doubt grows.
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