AI valuation concerns weigh on US technology stocks

US tech stocks fell as investors questioned AI valuations and earnings durability in a higher-rate environment.

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17h ago

AI valuation concerns weigh on US technology stocks

AI valuation concerns weigh on US technology stocks
Concerns over stretched artificial intelligence valuations pressured US technology stocks, dragging the Nasdaq lower. Shares of major chip and enterprise software companies declined as investors reassessed earnings sustainability amid higher interest rates. The pullback reflected growing caution around near-term returns from heavy AI-related capital spending.