US chip stocks experienced a significant tumble, impacting the broader market and wiping out billions in value. While tech giants like Nvidia and Tesla saw declines, bargain hunters emerged, offering some support. This selloff, attributed to concentrated trading and shifting sentiment rather than AI fundamentals, highlights the volatility in the tech sector, especially for newly public companies like SpaceX.

U.S. and global tech stocks fell, led by AI giants amid valuation and bubble concerns.

Key U.S. tech stocks slumped in premarket trading after a massive selloff in AI and tech stocks in Asia.

Wall Street futures plunged Tuesday, led by tech and chip stocks, as investors braced for potential U.S. interest rate hikes and fretted over soaring AI-related spending financed…

Interest rate fears hit high-flying sectors as oil prices hold steady