Part 10/13:
The recent developments in AI and tech have coincided with a notable decline in tech stocks, especially those heavily invested in AI innovation. In the U.S., the S&P 500 fell by 2.3%, while the NASDAQ plummeted by 3.6%—their largest drops since 2022.
Key players like Nvidia, Google’s parent Alphabet, Microsoft, Apple, and Tesla faced significant declines. Nvidia's shares fell by 6.8%, wiping out about 15% of its value over two weeks ahead of their upcoming earnings. Tesla dropped over 12%, following disappointing financial results, and Alphabet's stock decreased by 5%, despite beating revenue expectations but signaling high ongoing AI spending.