AI Selloff Cuts $1.3 Trillion, Goldman Says Room Left in Trade
Tech stocks slumped Friday, cutting roughly $1.3 trillion from U.S. chipmakers and snapping the S&P 500’s nine-week streak. The rout struck at the core artificial intelligence trade of 2026. Still, Goldman Sachs and Barclays called the drop a stress test, saying it may not be a lasting trend shift.