U.S. tech stocks face their "worst week since April," with the "AI Eight Giants" losing $800 billion in market value in a single week.
Amid a series of shocks triggered by concerns over high valuations, macroeconomic headwinds, and signs of intensifying competition, U.S. tech companies closely tied to the AI boom have suffered their worst week since April this year, with investor sentiment cooling significantly.
This week, the tech-heavy Nasdaq Composite Index fell