Stocks Sink on Anxiety About Tech and A.I. Spending

NYT Business Friday 17 July 2026, 12:31 UTC By Katie Robertson 1 min read

Key Points

A sell-off in Asia led by chipmakers spilled into Europe and U.S. markets on Friday.

A sell-off in Asia led by chipmakers spilled into Europe and U.S. markets on Friday. [Image text:] 113.9700 111.84 114.11 110.62 GSCRRE 008669 66'69 60.83 60.26 IAKE SHACK GIS .8L 168,206 136.0400 135. 136.91 FICO. HLE +12.4616 181,019 124 Herbalife' 213.7 HubSpot NEW YORK S ESTUDIOSCORP 14.26 AA03 e Ge AN ICe exc 121.97 120.69 KbKB YONIER 9.08 49.58 49.15 48.91 DG 8 6.23

A.I. Spending A (ORG) Asia (LOCATION) Europe (LOCATION) U.S. (LOCATION)

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Apple Tops Nvidia as World’s Largest Company Amid Tech Rotation Apple Inc. is again the biggest company in the world after wresting the title from Nvidia Corp., which has held it since May 2025. Nvidia shares sank 3.7% on Friday to bring the chipmaker’s market capitalization down to $4.8 trillion, while Apple’s stock climbed 0.4%, putting its valuation at $4.9 trillion. The iPhone maker is benefiting from a broader rotation in the technology sector away from big spenders on artificial...

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Stocks Sink on Anxiety About Tech and A.I. Spending

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