Wall Street Sinks as AI Cash Burn Fears Trigger a Broad Tech Rout
U.S. stocks fell sharply as investors reassessed the profitability of the artificial intelligence boom, with heavy selling in megacap technology shares driving the Nasdaq lower by more than 3%. The rout reflected mounting concern that the industry’s spending spree on chips, data centers and power infrastructure is outrunning near-term returns, pressuring sentiment across the broader market.
