Markets #tech stocks#ai spending
Tech Stocks Tumble on AI Spending Fears, Nasdaq Sheds 2% as Chipmakers Slide
Technology stocks suffered a sharp sell-off on Tuesday, with the Nasdaq falling about 2% as concerns over the sustainability of AI spending triggered a wave of selling. Chipmakers Nvidia and Intel were hit hardest, and newly public SpaceX experienced a volatile session. Analysts are split on whether the pullback is a temporary pause or the start of a larger retreat.
Jul 8, 2026 1 source