S&P 500, Nasdaq Fall Third Straight Week on AI Spending Concerns
Published 2 d ago3 sourcesEvidence: Reported
Wall Street's Friday session saw a deep sell-off in technology stocks after weaker-than-expected results from major tech companies, with the Nasdaq falling nearly 3.5%. This marks a sharp reversal from recent tech-led gains and signals growing investor caution. The sell-off may spill into global markets this week, pressuring risk assets and potentially driving safe-haven flows.
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US equities experienced a significant sell-off in AI-related and technology stocks, with the Nasdaq declining for a third consecutive week and falling over 1% on multiple recent trading days. This downturn is confirmed to be driven by investor concerns regarding the profitability and heavy capital expenditures associated with AI investments, leading to a confirmed market rotation out of tech into traditional value and defensive sectors. The sustainability of this AI sell-off remains uncertain, but the trend indicates growing investor caution.
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