ai market mayhem hits tech stocks hard
tech stocks plummet as ai bubble bursts affecting investors.
the generative ai market downturn appears to have accelerated. yesterday, the market was mixed with chipmakers and large tech companies like amazon, apple, and google seeing gains while smaller neocloud companies like coreweave were hit hard. today, almost no tech company is exempt from the downturn. investors are rotating out of smaller ai companies and reevaluating their investments in larger tech firms.