Is AI 'one big bubble'? Behind the tech sell-off
5 hours ago
- #Tech Sell-Off
- #Stock Market
- #AI Investment
- Tech stock sell-off reflects doubts over AI spending value.
- Major AI stocks like Nvidia, Alphabet, and Micron declined sharply.
- Micron's stock, up nearly 800% in a year, plunged over 13%.
- Market oscillates between AI optimism and fears of a bubble.
- Global AI investment exceeds $1 trillion in recent years.
- Samsung and SK Hynix stocks fell 12% in Asian markets.
- OpenAI and Anthropic are considering large IPOs despite uncertain profitability.
- Chipmaker stocks like Intel and AMD also dropped significantly.