$1TR WIPED OUT IN AI-LED TECH ROUT

TECH LOSSES DRAG MARKETS LOWER ACROSS ASIA, EUROPE AND US AS AI VALUATIONS FACE SCRUTINY

- BY JUSTIN VARGHESE

A sharp selloff in AI-linked technology stocks erased more than $1 trillion in market value this week, spilling beyond Big Tech and dragging down global equities and credit markets in the most severe AI-driven rout since the technology entered the mainstream.

Global stock markets fell yesterday as investors sold technology shares and reassessed valuations after years of strong gains.