ASX eyes uncertain start, Wall Street hit by AI slump The S&P 500 dropped 1% and the Dow Jones plummeted 406 points as the market sell off continued.
This downturn is not just a symptom of a tech stock correction but a sign that the market has finally caught up with reality.
Chip stocks like Nvidia, Applied Materials, and Micron Technology have long been overvalued due to hype and speculation surrounding the AI revolution.