Reported about 15 hours ago
Recent fluctuations in AI-related stock prices underscore the growing reliance of the US stock market on the technology sector. The S&P 500 and Nasdaq experienced significant drops, attributed mainly to a sell-off in tech stocks, which now constitute about 36% of the S&P 500's value. As concerns over an 'AI bubble' rise, investors are wary that tech's heavy influence could pose risks to overall market stability. Despite recent declines, tech remains the top-performing sector, yet any sustained downturn in tech stocks could lead to declines across major indices.
Source: YAHOO