Global Tech Rout—Nvidia, Tesla, More—Hits Markets: Here's What Fueled The Selloff

Global markets sold off sharply as tech and semiconductor stocks led a broader risk-off move, with Nvidia, Intel, AMD, Broadcom, Tesla and Alphabet all under pressure in premarket trading. The article links the rout to investor anxiety ahead of Micron’s earnings, since Micron is viewed as a key barometer for AI-related memory demand. In Europe, the Stoxx 600 and Germany’s DAX fell about 1%, while South Korea’s Kospi plunged 10% as Samsung and SK Hynix dropped more than 12% each. The selloff also reflected rising concern that interest rates may stay higher for longer, with traders now pricing in an additional 50 basis points of hikes by December. Overall, the piece signals growing skepticism toward the AI-driven tech trade and increasing macro pressure on equities.