Tech stocks plunged Friday amid rising bond yields, dragging down the Nasdaq in its worst session in 14 months.
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Tech stocks plunged Friday amid rising bond yields and concerns about the massive growth expectations that have been fueling the AI trade.
Why it matters: It was a bloodbath for chip stocks — the physical infrastructure underpinning the promising AI economy.
Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out | Fortune
Nasdaq sinks 4% and has worst day in a year on AI weakness, rising odds for Fed rate hike | CNN Business
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Nasdaq 100 Sinks 4% in AI-Led Rout as Yields Climb: Markets Wrap
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Nasdaq Drops 4% As Major Indexes Tumble During Tech Selloff
