U.S. Tech Stocks Extend Sell-Off as Rate Concerns and AI Return Uncertainty Weigh

U.S. technology stocks extended a sell-off on Tuesday, pressured by concerns that global interest rates may keep rising and by uncertainty over returns on artificial intelligence investment. According to Jin10, the downturn intensified as investors grew more cautious ahead of Micron’s upcoming earnings report. The report said worries have increased about elevated valuations and the cyclical nature of the semiconductor industry.