AIBearishFortune Crypto · 3h ago7/10
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Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
Tech stocks are experiencing significant losses as investors grapple with dual concerns: the possibility of Federal Reserve rate hikes and softening momentum in the AI-driven semiconductor boom. Labor market data showing stable but cooling wage growth suggests the Fed may maintain higher rates longer than expected, pressuring growth-dependent tech valuations.
