(AURN News) — Stocks took a hit Tuesday as technology shares fell around the world.
Despite the market recently hitting record highs, Tuesday’s sell-off exposed a potential vulnerability.
A major tech sell-off began before the market opened and continued throughout the trading day.
SpaceX, which had a blockbuster debut a few weeks ago, continued its losing streak. Alphabet, Google’s parent company, also posted losses.
All eyes were on Asia as multiple chip stocks declined. The losses rippled through markets around the world.
The sell-off comes as corporations and governments continue investing heavily in the AI revolution.
As billions of dollars continue flowing into artificial intelligence, Tuesday’s losses served as a reminder that even the market’s hottest sectors can experience sharp pullbacks.
Click play to listen to the AURN News report from Jamie Jackson:
