Global Tech Sector Plunges Amid Chipmaker Losses and Geopolitical Tensions

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L'essentiel

The tech sector, led by chipmakers and AI stocks, experiences steep declines globally, with the Nasdaq Composite falling 4.18% on Friday.
Geopolitical tensions between Israel and Iran, and a U.S.-brokered deal, also impact trading.
Meanwhile, SpaceX's upcoming IPO is valued too highly by Aswath Damodaran.

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The tech sector, led by chipmakers and AI stocks, experiences steep declines globally, with the Nasdaq Composite falling 4.18% on Friday. Geopolitical tensions between Israel and Iran, and a U.S.-brokered deal, also impact trading. Meanwhile, SpaceX's upcoming IPO is valued too highly by Aswath Damodaran.

Read the full article on CNBC World

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This article was originally published by CNBC World.

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