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Global Tech Sector Plunges Amid Chipmaker Losses and Geopolitical Tensions
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CNBC World6/8/2026Business

Global Tech Sector Plunges Amid Chipmaker Losses and Geopolitical Tensions

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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.

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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.

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This article was originally published by CNBC World.

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