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Finance

Global stock markets fall in tech and AI sell-off

Outlets report that a sharp decline in U.S. technology stocks spread to Asian markets amid growing investor concerns over the artificial intelligence sector.

A digital stock market ticker display showing SPY data with a green trend line
Illustrative photo · Tyler Prahm / Unsplash

At a glance

  • U.S. stock markets experienced a sharp sell-off led by technology equities.123
  • The market decline spread to Asian stock markets on Friday.12
  • Investors pulled back due to concerns regarding the future of the artificial intelligence industry.13

U.S. equity markets experienced a major sell-off centered on technology stocks.123

The downturn on Wall Street subsequently prompted sharp losses across Asian stock markets on Friday morning.12

The market losses were driven by investor anxieties regarding a slowdown in the artificial intelligence sector.13

Where sources agree

  • U.S. stock markets experienced a sharp tech sell-off3 of 3
  • Asian stock markets fell following Wall Street losses2 of 3
  • Concerns over artificial intelligence drove market falls2 of 3

Who covered this

1 International2 National

Sources

  1. 1The GuardianGlobal stocks plunge amid AI slowdown fears after Democrats’ midterm triumph ↗
  2. 2CNBCNasdaq sell-off batters Asian chip stocks as SK Hynix, Samsung, Softbank, TSMC tumble ↗
  3. 3CBS NewsWhy markets experienced massive tech sell-off ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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