Tech Stocks Come Under Fresh Selling

2026-06-09 15:25 By Andre Joaquim 1 min. read

US equity indices swung lower on Tuesday as the pivot out of the heavyweight tech sector was resumed following yesterday's respite.

The S&P 500 and the Nasdaq 100 fell 1% and 2%, respectively, as the more defensive Dow dropped 0.5%.

The fresh pressure on companies in the AI space reflected the lingering skepticism that part of the rally for chips and datacenter producers in recent quarters may have been overblown, despite sustained signals from hyperscalers that infrastructure is need to run models.

The latest moves were from OpenAI, which filed for an IPO, and Anthropic, raising more cash through private credit.

Nvidia, Oracle, and AMD lost between 3% and 1%.

Meanwhile, Apple lost 3% as its new Siri AI assistant will not be launched in the EU due to antitrust laws from Brussels.

Meanwhile, broader sectors were higher as lower energy prices added some respite for Treasuries.

Asset managers led the pace with Blackstone and KKR adding 2%.



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