AI Spending Fears Trigger Broad Selloff in U.S. Technology Stocks

The Nasdaq-100 was poised to lose more than $1 trillion in market value as a broad selloff hit U.S. technology stocks on June 23. The move was driven by rising fears over heavy artificial-intelligence spending and higher interest rates, pressuring sentiment across the sector and the wider market. The scale and breadth of the decline point to a major risk-off session with potentially market-wide implications.

Analysis

The Nasdaq-100 was poised to lose more than $1 trillion in market value as a broad selloff hit U.S. technology stocks on June 23. The move was driven by rising fears over heavy artificial-intelligence spending and higher interest rates, pressuring sentiment across the sector and the wider market. The scale and breadth of the decline point to a major risk-off session with potentially market-wide implications.