Technology stocks came under heavy selling pressure on Tuesday, putting the Nasdaq 100 on track to lose more than $1 trillion in market value. SpaceX slipped below a $2 trillion valuation for the first time since its IPO, while chipmakers and AI-linked megacaps extended losses amid valuation and rate concerns.
Technology stocks faced significant selling pressure on Tuesday, potentially causing the Nasdaq 100 to lose over $1 trillion in market value. SpaceX also saw its valuation drop below $2 trillion for the first time since its IPO. This broader tech sector decline, including…
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