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News  ›  Benzinga

Tech Stocks Wipe Out Over $700 Billion As Traders Flee AI Hype

Benzinga Logo Benzinga By Piero Cingari
Tech Stocks Wipe Out Over $700 Billion As Traders Flee AI Hype

Tech stocks experienced a massive market value decline of over $700 billion due to skepticism about Federal Reserve rate cuts and potential AI infrastructure bottlenecks, with major tech companies seeing significant stock drops.

Insights
NVDA   negative

Plunged 4.3% and lost $200 billion in market value