Tech Stocks Slide Amid AI Valuation Fears

Tech stocks took a beating as the Nasdaq and S&P 500 plunged over 1%, fueled by a semiconductor selloff and growing investor unease about AI-driven company valuations. Nvidia, Intel, AMD, and memory chipmakers all suffered double-digit losses, while the VIX spiked to a one-week high. Despite the tech slump, the broader market remains on track for its best quarterly gain in six years, buoyed by a Middle East ceasefire and strong earnings. But with inflation data looming and expectations shifting toward another Fed rate hike by December, investors are now eyeing other sectors — and watching closely for signs of further market turbulence. 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/04b245f4c2b6aa4e