AssetID: 55796975
Headline: UNCAPTIONED: AI Spending Fears Trigger Broad Selloff in U.S. Technology Stocks
Caption: AI Spending Fears Trigger Broad Selloff in U.S. Technology Stocks. The Nasdaq-100 was poised to lose more than $1 trillion on June 23 as a sharp selloff spread across technology stocks, driven by concerns about AI spending and higher interest rates. At the centre of the decline was SpaceX, whose shares extended a steep slump and fell below a $2 trillion valuation after shedding more than $600 billion in value over three trading sessions. Major chipmakers were also hit hard, with companies including Intel and AMD suffering significant losses as investors questioned whether AI investments will generate sufficient returns. Six of the seven largest U.S. technology companies, such as Alphabet, Amazon, Apple and Nvidia, were on track to erase hundreds of billions of dollars in combined market capitalization. The selloff reflects growing unease that technology firms are spending aggressively on AI infrastructure while profitability remains uncertain. Investor sentiment was further pressured by expectations that the U.S. Federal Reserve could raise interest rates later this year, making richly valued growth stocks less attractive. The downturn also hit technology shares in Asia and Europe, raising fresh questions about the sustainability of the market’s AI-driven rally. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,stock exchange,losses,trillion,market value,technology sector,SpaceX,Apple,Intel,AMD,Amazon,slump,Federal Reserve,interest rates,artificial intelligente,investment,returns,concerns
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