US tech sell-off knocks nearly $1tn off the Nasdaq in a week

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A tech-stock sell-off that began earlier this month deepened Friday after disappointing earnings, taking nearly $1tn off the Nasdaq in one week and about $2tn in a month, as investors question whether AI spending can pay off quickly enough. The Guardian

the GuardianTech sell-off drives US markets down by nearly $1tn after subpar earnings reportsBig tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enough

Is this a pause in the AI build-out or the start of a longer reassessment of what it can earn?

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