AI Selloff Erases $1.3 Trillion Before Tech Futures Rebound

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โดย GuruFocus·Read original
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US technology stocks erased nearly $1.3 trillion from the market value of Nasdaq 100 companies over two days before futures pointed to a possible rebound on Wednesday. Nasdaq 100 futures rose 0.6% by 2:37 a.m. in New York after the index dropped 3.3% in the previous session, while S&P 500 futures moved about 0.2% higher. The pressure around the AI trade has tested investor confidence as traders question whether AI-linked stocks have become too expensive after a powerful rally that still leaves the Nasdaq 100 about 28% higher from March 30. Micron Technology is now the key stock in focus with results due later today after becoming the largest contributor to the S&P 500's 7.6% gain this year. State Street's Jennifer Bender described this week's declines as short-term hiccups, while Goldman Sachs partner Bobby Molavi said the current market was starting to feel similar to the final months of the dot-com era.

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