A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence.
The Wall Street Journal reports that the Nasdaq Composite Index was down 3% — making this its worst week since President Donald Trump announced his sweeping tariff plan in April.
Tech companies that have otherwise performed well this year were among those hardest hit, with Palantir’s stock price falling 11% this week, Oracle declining by 9%, and Nvidia losing 7%. These drops also come after earnings reports in which Meta and Microsoft indicated that they plan to continue spending heavily on AI (both companies were down about 4%).
“Valuations are stretched,” Cresset Capital’s Jack Ablin told the WSJ. “Just the slightest bit of bad news gets exaggerated … and good news is just not enough to move the needle because expectations are already pretty high.”
Economic factors like the ongoing government shutdown, declining consumer sentiment, and widespread layoffs are also likely dragging down the stock market. But the less tech-heavy S&P 500 and Dow Jones Industrial Average didn’t do quite as badly, with declines of 1.6% and 1.2%, respectively.
Dogecoin (DOGE) is entering one of its most sensitive phases since early 2025 as the…
The plan is to drastically cut administrative burdens, simplify compliance, and accelerate technological innovation across…
It has been a mixed year for DeFi, if total value locked (TVL) is the…
Solana’s price action around the $130 level is drawing renewed attention as institutional capital flows…
Once upon a time, Americans lined up in droves outside Walmarts and Targets, still full…
The SEC accelerated crypto’s ascent by approving a high-cap Bitwise 10 ETF that strengthens institutional…