Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

Image for article Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
News Source : Yahoo Entertainment

News Summary

  • u.s. chip stocks fell from record highs on Tuesday in a reversal for buyers of shares linked to the AI infrastructure buildout.
  • The Nasdaq Composite index fell 2.2%, led by a ‌7.9% decline in the semiconductor index.
  • Micron Technology, one of ‌the biggest gainers of the latest stage of the AI boom, tumbled 13%.
  • The tech selloff has pushed the Nasdaq down more than 5% from its peak on June 2.

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