Global Tech Sector Plunges Amid Chipmaker Losses and Geopolitical Tensions
Quick Look
- 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.
AI-generated summary
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.





