Global equities retreat as skepticism over artificial intelligence growth triggers a broad selloff in technology shares.
Global equities extended losses as renewed doubts over the AI trade sparked a tech-led selloff. The S&P 500 dropped 0.51%, with futures indicating further declines, while major indices in Asia posted sharp losses.
The downturn follows a period of heightened optimism around AI-driven growth, with technology stocks previously leading market gains. Recent underperformance in key tech sectors has raised concerns over valuations and sustained demand.
Markets showed limited immediate reaction beyond the initial selloff, though futures suggest continued pressure in early trading.