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US market tech stocks lose over US$1 trillion in value as AI euphoria fades
U.
Investors shed more than US$1 trillion in value from major U.S. tech companies in a single week as the euphoria around AI cooled, marking the worst weekly run for those firms in recent years.
The losses reflect concerns about earnings, high valuations and the sustainability of AI growth themes, with ripple effects across global markets given deep exposure to U.S. tech.