$1 Trillion in Tech Stocks Sold Off as Market Grows Skeptical of AI
The market’s confidence in artificial intelligence may be wavering, and companies with big investments in it seem to be shedding supporters. The Financial Times notes that, over the course of the past week, approximately $1 trillion in stock value has been wiped from several of Silicon Valley’s heaviest hitters, all of which are heavily enmeshed in generative AI. Those companies include Oracle, Meta, Palantir, and Nvidia, the outlet notes. The outlet calls it the worst week for Wall Street since...
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