Is the AI-led rally over? NASDAQ plunges 4.1% amid sharp selloff in tech stocks; here is why
The US markets witnessed one of the worst selloffs since April 2025. The rout in tech stocks across the board led to 4.7% drop in the NASDAQ index. Among the key triggers, muted guidance from Broadcom, overbought sentiment in tech stocks, and profit booking ahead of Mega IPOs were the key contributing factors to Friday's fall.
The US markets witnessed one of the worst selloffs since April 2025. The rout in tech stocks across the board led to 4.7% drop in the NASDAQ index. Among the key triggers, muted guidance from Broadcom, overbought sentiment in tech stocks, and profit booking ahead of Mega IPOs were the key contributing factors to Friday's fall.
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