A post by @FirstSquawk on X.
US STOCKS SUFFERED A SHARP SELLOFF AS GROWING FEARS OF AI REGULATION AND SLOWER DATA-CENTER INVESTMENT TRIGGERED A TECHNOLOGY ROUT. THE NASDAQ 100 PLUNGED 6.4%, ERASING $2.3 TRILLION IN MARKET VALUE, WHILE THE S&P 500 FELL 4.4% AND THE…
@FirstSquawk on X
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US equities sold off sharply as mounting concerns over AI regulation and slowing data-center investment triggered a technology rout. The scale of the decline marks one of the most severe single-session tech drawdowns, reflecting how heavily market valuations have come to depend on AI-related spending. Investors will watch whether regulators formalize new AI rules and whether hyperscalers trim data-center capital expenditure guidance in coming earnings.
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Nasdaq 100, S&P 500, Chipmaker Index