Tech Sell-Off Returns as IPOs Loom

Tech stocks took a sharp hit yesterday as major indexes plunged, with semiconductors leading the charge—Apple’s AI reveal didn’t impress investors, sending its stock down 3.8% and triggering broader market declines. Nvidia and Micron lost ground, undoing Monday’s gains, while the S&P 500 snapped its nine-week winning streak. Amid the volatility, Wall Street braces for a blockbuster week: SpaceX could debut with a $1.75 trillion valuation, potentially the largest IPO ever, followed by rumored filings from OpenAI and Anthropic—signaling a seismic shift in the tech world. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/9c618b74cf847d5a