$600B Tech Wipeout Meets $1.48T Margin Debt
A two-day tech rout erased more than $600 billion in market value from Alphabet (NASDAQ:GOOGL) and Intel (NASDAQ:INTC), as investors punished cash-draining AI spending. Outside of Alphabet, that posted a second
Some big tech companies lost lots of value because investors worry about AI spending. When many people borrow money to buy stocks, big drops can happen faster.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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