Tech Slump Shakes Markets Worldwide as Big Tech Stocks Decline

Wall Street suffered a significant sell-off this week as tech stocks, particularly those from Nvidia, AMD, and Palantir, experienced sharp declines. Investors are pulling back from AI-focused stocks, concerned about inflated valuations and potential market corrections. Palantir’s stock plummeted nearly 10%, reflecting the growing pressure on this sector driven by high short bets. Nvidia also saw a decline, highlighting the broader vulnerability of the tech industry to shifting trends.