Stocks Plunge on AI Bubble Fears as Wall Street Warns of a 20% Correction
Rally Meets Reality: Tech Stocks Finally Cool Off After a year of spectacular gains, stocks have abruptly stumbled, raising the question of whether the market got ahead of itself. The S&P 500 and Nasdaq Composite just suffered their biggest one-day percentage drops since early October channelnewsasia.com, a sign that the gravity-defying surge in tech shares is meeting some pushback. On Tuesday (Nov. 4), the Nasdaq sank over 2% while the S&P 500 fell around 1.2%, and the Dow – which is less tech-centric – dipped 0.5% channelnewsasia.com. What triggered the abrupt shift in sentiment? Valuations. Investors are increasingly nervous that