A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AIcompanies and chipmakers that have driven stock markets to record highs.
The tech-heavy Nasdaq index opened 2% lower on Tuesday. The Dow and S&P 500 were also down at opening.
All three major US indices have hit record highs this year, riding off a rush of funding to support AI technology and infrastructure. Nasdaq is up 10% for the year, while the Dow jumped 6% so far this year, breaching past 51,000 points, and the S&P 500 is up 7.3%.
US AI stock sell-off shakes markets from Wall Street to Asia
https://www.theguardian.com/business/2026/jun/23/ai-stocks-sell-off-us-markets
21 Comments
b34k@lemmy.world · 52 pts · 53d
Is it finally happening? Do we put up the Ron Paul meme?
canthangmightstain@lemmy.today · 12 pts · 53d
Not until you buy your calls with your 401k to save the rest of us.
chahn.chris@piefed.social · 10 pts · 53d
After hours is already buying the dip. This looks like a blip.
b34k@lemmy.world · 3 pts · 53d
Boo….
CorrectAlias@piefed.blahaj.zone · 25 pts · 53d
I hope the selloff continues forever.
thermal_shock@lemmy.world · 10 pts · 53d
And ever
Soup@lemmy.world · 7 pts · 53d
I hope every dipshit who invested can’t sell their stock and it all goes in the fucking toilet.
Steve@startrek.website · 19 pts · 53d
Articles like this are just exhausting. Todays dip equals a single day of gains from [pick a day this month]
AllNewTypeFace@leminal.space · 14 pts · 53d
Meanwhile, AAPL is more or less steady, and certainly not plummeting in formation with the hyped AI stocks. I bet their investors are feeling good about being left behind.
Auli@lemmy.ca · 3 pts · 53d
Apples nextOss is heavy into AI. Everyone acts like they're outsmarted everyone. They failed I'm not saying it won't work out but they tried to get into AI 2 years AFO and it didn't work.
hitmyspot@aussie.zone · 3 pts · 53d
Some think that means they recognised the hype doesn’t match the ability. They are incorporating ai, but licenced it instead of huge capex to do their own. They can just cancel it in the future.
Formfiller@lemmy.world · 11 pts · 53d
When do they start jumping off of buildings?
TargaryenTKE@lemmy.world · 4 pts · 52d
Not soon enough
Bwaz@lemmy.world · 9 pts · 53d
annnnd -- there it goes!
iconic_admin@lemmy.world · 9 pts · 53d
I’m on the nothing ever happens train. The market fluctuates. Space x was down below offering then it was up again, now it’s at like 156. The market goes down it goes up. Nothing changes.
Maeve@kbin.earth · 9 pts · 53d
\o/
jaykrown@lemmy.world · 7 pts · 53d
The fact that there wasn't a bigger sell off when they banned Fable 5 is ridiculous. The stock market doesn't represent real conditions at all.
Womble@piefed.world · 6 pts · 53d
Why would that trigger a sell off? It was an official US government stamp of approval that "These things are so dangerous and powerful we have to treat them as weapons." It was bullshit but it played straight into Anthropic's story.
jaykrown@lemmy.world · 2 pts · 52d
In a "free market" it would be a worrying sign that the government can just tell one of the highest valued corporations "nope, we're not permitting you to do that, your entire business model is dictated by us". But we don't have a free market, and the stock market doesn't represent the reality of the situation, just like how valuations of AI companies keep going up even though something like GLM-5.2 exists. I think investors are probably just dumb, and we're in a bubble.
Manjushri@piefed.social · 5 pts · 52d
Is the AI-pocalypse finally here?
Chais@sh.itjust.works · 2 pts · 53d
Do they prefer their market(ini) stirred, not shaken?