Tech Takes a Tumble: AI Jitters Shake Investor Confidence

Investors are playing it safe as worries about AI's rapid growth cause ripples in the tech world. While the market is seeing some ups and downs, tech stocks are feeling the heat. The Nasdaq, home to big tech names, is down, while the Dow is holding steady. Some big players are feeling the pinch. Broadcom, a major chipmaker, saw its shares drop nearly 6% despite strong sales. Oracle, another tech giant, beat profit expectations but saw its stock fall over 10% due to high spending. Meanwhile, other sectors are seeing gains. Lululemon, a popular athletic wear brand, saw its shares jump nearly 10% after announcing its CEO will step down. The company also reported strong sales and profits. Across the globe, markets are mixed. Europe is seeing small gains, while Asia is rebounding from earlier losses. Japan's Nikkei index climbed 1. 4%, and China's markets saw modest gains. Australia and South Korea also saw gains, while Taiwan and India had smaller increases. Oil prices are also taking a hit, with U. S. benchmark crude and Brent crude both seeing slight drops. Investors are keeping a close eye on the Bank of Japan's upcoming policy meeting, where a rate hike is expected. Despite the AI boom, doubts are creeping in. While billions are pouring into the sector, tech is the only sector in the red. Investors are cautious, and the market is reflecting that uncertainty.