Tech stocks experienced a sharp sell-off as investors grappled with anxieties surrounding the impact of artificial intelligence (AI). The tech-heavy Nasdaq index plummeted, shedding as much as $800 billion. Traders aggressively sold software shares, fearing AI's potential to disrupt traditional business models.
Chip stocks also declined after a key supplier signaled a possible slowdown in demand.
Source: Yahoo Tech · Summarized by HeadlinesBriefing