Technology shares drop in US and Asia as AI stocks slide

Tech stocks lead declines as investors reconsider rally fuelled by artificial intelligence.

British Broadcasting CorporationWatchHomeNewsSportBusinessInnovationCultureTravelEarthVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC VerifySportBusinessExecutive LoungeTechnology of BusinessWomen at the HelmFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureTravelEarthVideoLiveAudioWeatherNewslettersShares drop in US and Asia as AI stocks slideGetty ImagesMajor tech shares suffered the most as investors reassessed the AI-fuelled stock market boomFinancial markets in the US and Asia have fallen sharply as investors sell off shares in technology companies, with artificial intelligence (AI) stocks hit particularly hard.

In Wednesday's trading in New York, the S&P 500 lost 2.3% and the tech-heavy Nasdaq fell 3.6%, in their biggest one-day falls since 2022. The Dow Jones Industrial Average dropped by 1.2%.

The losses were driven by major firms including Nvidia, Alphabet, Microsoft, Apple and Tesla.

On Thursday, Japan's Nikkei index led declines in Asia as it fell by more than 3%.

Shares in technology companies, especially those related to AI, have driven much of this year's stock market gains.

https://www.bbc.com/news/articles/ck5gp185n6ro

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