Tech Stocks Lead Steep Global Sell Off as Investors Lose Faith in AI Chip Trade The current global sell off in tech stocks has sent shockwaves through markets worldwide, leaving investors scrambling to reassess their bets on the AI chip trade.
A major factor driving this sudden loss of faith is the increasingly dire earnings reports from leading chipmakers such as TSMC and Netflix.
These losses are not just bad news for investors but also a stark reminder that the AI chip business has been largely driven by hype rather than solid fundamentals.