TREE NEWS reports: Major US technology stocks fell across the board, with SpaceX (SPCX.O) down 4%, Meta Platforms (META.O) down 4%, and Tesla (TSLA.O) down 2.87%. Chip names also declined: SanDisk (SNDK.O) fell 4.8%, SK Hynix (SKHY.O) 4.5%, Micron (MU.O) 3.8%, IBM (IBM.N) 2.5% and Nvidia (NVDA.O) 2.1%.
US tech stocks fall broadly; SpaceX down 4%, Nvidia 2.1%
AI take
The breadth is the story here: the selling spans social, EV, memory and chip names rather than concentrating in one segment, which points to a sector-wide de-rating rather than company-specific news. Memory and storage names (SanDisk, SK Hynix, Micron) posting the steepest declines alongside Nvidia suggests the move is hitting the AI hardware supply chain hardest. Whether this proves a single-session risk-off move or the start of a sustained rotation away from tech is the open question.
Generated by AI for reference only.
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