Summary · why it matters
Ten major technology companies have fallen into bear market territory, with declines from recent highs ranging from 25.2% to 67.2%, as investors reassess lofty valuations and demand proof that massive AI investments will generate real returns. Coinbase leads the declines at 67.2%, followed by Oracle at 56.6%, ServiceNow at 55.1%, Palantir Technologies at 46.3%, Netflix at 44.7%, Salesforce at 43.7%, Microsoft at 34.4%, Meta Platforms at 31.0%, and Arm Holdings and Broadcom both at 25.2%. The selloff reflects concerns over elevated AI infrastructure spending, stretched valuations, and the impact of higher interest rates on future earnings. While companies like Microsoft and Meta continue to generate tens of billions in annual free cash flow, others such as Coinbase and Netflix face more company-specific challenges that could make their recoveries less predictable.