2 sources • 4 verified points
Tech stock sell-off returns as fears over AI spending resurface
US tech stocks resumed their decline after a brief recovery in AI shares stalled, according to Barron's coverage. The coverage noted that the disastrous trading debut of Korea's Ellis Data Centers heightened investor concerns over AI spending. TradingView reported that Taiwan's index closed near its lowest level in five weeks as tech shares came under pressure.
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- The AI recovery abruptly stalled and US tech stocks fell.
«U.S. tech stocks were under pressure as the AI rebound came to an abrupt halt.»
Barron's - The trading debut of Korea's Ellis Data Centers was poor, adding to concerns over AI spending.
«The disastrous trading debut of South Korean data center company Elice is exacerbating AI spending fears.»
Barron's - AI shares were under pressure before the open on Tuesday, after a session-earlier recovery following a sharp sell-off.
«Artificial-intelligence stocks were under pressure again ahead of the open Tuesday after mounting a comeback in the previous session»
Barron's - Taiwan's index ended trading near its lowest level in five weeks as tech shares came under pressure.
«TAIEX Ends Near 5-Week Low as Tech Stocks Drag»
TradingView
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