About $1.2 trillion wiped out as US tech stocks slump over rising AI spending

As AI reshapes business models across the technology sector, the selloff in US technology stocks stretched into a fourth straight trading session, wiping about $1.2 trillion from the sector's market value.

Jul 28, 2026 - 09:00
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About $1.2 trillion wiped out as US tech stocks slump over rising AI spending
As AI reshapes business models across the technology sector, the selloff in US technology stocks stretched into a fourth straight trading session, wiping about $1.2 trillion from the sector's market value.

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