this post was submitted on 23 Jun 2026
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A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AIcompanies and chipmakers that have driven stock markets to record highs.

The tech-heavy Nasdaq index opened 2% lower on Tuesday. The Dow and S&P 500 were also down at opening.

All three major US indices have hit record highs this year, riding off a rush of funding to support AI technology and infrastructure. Nasdaq is up 10% for the year, while the Dow jumped 6% so far this year, breaching past 51,000 points, and the S&P 500 is up 7.3%.

top 21 comments
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[–] Steve@startrek.website 13 points 6 days ago

Articles like this are just exhausting. Todays dip equals a single day of gains from [pick a day this month]

[–] Formfiller@lemmy.world 8 points 6 days ago (1 children)

When do they start jumping of buildings

[–] TargaryenTKE@lemmy.world 4 points 6 days ago

Not soon enough

[–] jaykrown@lemmy.world 6 points 6 days ago (1 children)

The fact that there wasn't a bigger sell off when they banned Fable 5 is ridiculous. The stock market doesn't represent real conditions at all.

[–] Womble@piefed.world 4 points 6 days ago (1 children)

Why would that trigger a sell off? It was an official US government stamp of approval that "These things are so dangerous and powerful we have to treat them as weapons." It was bullshit but it played straight into Anthropic's story.

[–] jaykrown@lemmy.world 2 points 6 days ago

In a "free market" it would be a worrying sign that the government can just tell one of the highest valued corporations "nope, we're not permitting you to do that, your entire business model is dictated by us". But we don't have a free market, and the stock market doesn't represent the reality of the situation, just like how valuations of AI companies keep going up even though something like GLM-5.2 exists. I think investors are probably just dumb, and we're in a bubble.

[–] Manjushri@piefed.social 3 points 6 days ago

Is the AI-pocalypse finally here?

[–] Chais@sh.itjust.works 2 points 6 days ago

Do they prefer their market(ini) stirred, not shaken?

[–] b34k@lemmy.world 39 points 1 week ago (2 children)

Is it finally happening? Do we put up the Ron Paul meme?

[–] chahn.chris@piefed.social 7 points 6 days ago (1 children)

After hours is already buying the dip. This looks like a blip.

[–] b34k@lemmy.world 3 points 6 days ago

Not until you buy your calls with your 401k to save the rest of us.

[–] CorrectAlias@piefed.blahaj.zone 12 points 1 week ago (2 children)

I hope the selloff continues forever.

[–] Soup@lemmy.world 7 points 6 days ago

I hope every dipshit who invested can’t sell their stock and it all goes in the fucking toilet.

[–] AllNewTypeFace@leminal.space 11 points 1 week ago (1 children)

Meanwhile, AAPL is more or less steady, and certainly not plummeting in formation with the hyped AI stocks. I bet their investors are feeling good about being left behind.

[–] Auli@lemmy.ca 2 points 1 week ago (1 children)

Apples nextOss is heavy into AI. Everyone acts like they're outsmarted everyone. They failed I'm not saying it won't work out but they tried to get into AI 2 years AFO and it didn't work.

[–] hitmyspot@aussie.zone 1 points 6 days ago

Some think that means they recognised the hype doesn’t match the ability. They are incorporating ai, but licenced it instead of huge capex to do their own. They can just cancel it in the future.

[–] Maeve@kbin.earth 6 points 1 week ago
[–] Bwaz@lemmy.world 5 points 1 week ago

annnnd -- there it goes!

[–] iconic_admin@lemmy.world 3 points 1 week ago

I’m on the nothing ever happens train. The market fluctuates. Space x was down below offering then it was up again, now it’s at like 156. The market goes down it goes up. Nothing changes.