The record
Written from the 1 report below. Nothing here is unsourced.
- US tech shares fell for a fourth straight day, wiping out roughly $1.2 trillion in value.
- Tesla led the losses, while Nvidia, Alphabet, Meta and Amazon also declined.
- The sell-off came as investors questioned companies' rising spending on artificial intelligence and their capital expenditure plans.
What to watch next
- Whether tech shares extend or recover from the four-day decline
- Further detail from major tech firms on AI spending and capital expenditure plans
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Named United States · Alphabet · Amazon · Meta · Nvidia · Tesla
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