Business & Finance
AI Dip-Buyers Gored as Selling Spasm Caps Third Week of Losses
Key Points
AI Dip-Buyers Gored as Selling Spasm Caps Third Week of Losses The deep selloff in technology stocks delivered a painful reckoning to those who remained all-in on the AI trade as the companies at the center of it tumbled, one after another, and investors rushed back to the defensive stocks they had swept out of vogue. A three-week rout — driven by mounting anxiety about whether the technology will deliver profits big enough to justify the debt-fueled investment boom — reached its crescendo...
AI Dip-Buyers Gored as Selling Spasm Caps Third Week of Losses
The deep selloff in technology stocks delivered a painful reckoning to those who remained all-in on the AI trade as the companies at the center of it tumbled, one after another, and investors rushed back to the defensive stocks they had swept out of vogue.
A three-week rout — driven by mounting anxiety about whether the technology will deliver profits big enough to justify the debt-fueled investment boom — reached its crescendo on Friday, when the Nasdaq 100 Index tumbled 3.5%, its deepest slide since early June.