Global stocks plunge as tech rout deepens on AI valuation fears

Price ActionMacro Impact 4
โดย Reuters·Read original
Summary · why it matters

US and global stock markets tumbled on Tuesday as a sell-off in technology shares intensified, driven by fears of overstretched AI valuations and the prospect of higher interest rates from the Federal Reserve. The tech-heavy Nasdaq Composite sank 2.1 percent, while the S&P 500 declined 1.5 percent. Elon Musk's SpaceX, which recently went public, fell as much as 4.8 percent before recovering to close 2.4 percent higher, though it remains sharply below its peak, wiping roughly 350 billion dollars off Musk's fortune over the past week. Chipmakers bore the brunt of the selling, with SanDisk plunging 14.2 percent, Micron Technology falling 13.9 percent, and ASML dropping 8.7 percent. The rout spread across Asia and Europe, where South Korea's Kospi index plunged 10 percent, triggering a trading halt, and Japan's Nikkei dropped 3.6 percent. Despite the sell-off, Barclays raised its year-end target for the S&P 500 to 7,800, citing strength in corporate earnings.

Impact on stocks 7

Semiconductors▼ · 4 stocks
ASML Holding N.V.
ASML
▼ NegativeCapitalrelevance

Drops 8.7% as chipmakers bear brunt of tech sell-off on AI valuation fears.

Micron Technology Inc
MU
▼ NegativeCapitalrelevance

Falls 13.9% as tech rout deepens on AI valuation fears and higher rate prospects.

Sandisk Corp
SNDK
▼ NegativeCapitalrelevance

Plunges 14.2% amid broad tech sell-off driven by AI valuation concerns.

Space Economy▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
Financials▲ · 1 stocks
© 2026 MarketDXNews