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Tech bloodbath: Over US$1 trillion wiped off US AI‑related giants in a week
US AI‑linked tech giants lost over US$1 trillion in market value as investors question AI hype and growth outlook.
In the past week, U.S. tech stocks linked to artificial intelligence saw valuations drop by more than US$1 trillion as investors fled amid mounting concerns of an AI “bubble”.
Companies such as Nvidia, Microsoft and Tesla led the fall, driven by weaker sentiment and scepticism about profitability of AI initiatives.
The downturn comes at a time when consumer‑sentiment indices reached multi‑year lows and the U.S. government shutdown threatened growth visibility.