The decline of tech stocks has triggered a global adjustment in risk assets, with cryptocurrency also facing pressure.

The Nasdaq index plummeted 1.2% due to a collective sell-off of technology stocks, with Nvidia leading the decline with a drop of 5.2%, closing at $181.36, becoming a key driver of the index's downturn. Concerns over the valuation bubble of AI concept stocks have intensified, leading to a contraction in investor sentiment, with tech giants such as Amazon (-4.4%), Microsoft (-2.7%), and Meta (-0.7%) all weakening simultaneously, putting significant pressure on the sector as a whole.
Global stock markets are showing a broad downtrend: the Dow Jones Industrial Average fell 1.1% to 46091.74 points, the S&P 500 declined 0.8% to close at 6617.32 points, and European and Asian stock markets adjusted in sync. The uncertainty surrounding the Federal Reserve's interest rate policy continues to dampen market confidence, with the yield on the 10-year U.S. Treasury bond retreating to 4.12%.
The market shows significant characteristics of capital rotation, with the Russell 2000 Index rising 0.3% against the trend. Small-cap stocks demonstrate relative resilience during the adjustment of the broader market, reflecting that investors are shifting from highly valued large-cap growth stocks to undervalued segments.
Cryptocurrency and technology stocks have formed a falling resonance, with Bitcoin's decline exceeding 3%, and the sell-off of risk assets continues to spread; individual stocks like Netflix (-3.4%) and Tesla (-1.9%) continue the downtrend in the tech sector. Industry views indicate that short-term market adjustments may still persist, but the long-term growth logic of the AI industry has not changed, and the industry's fundamentals remain solid. #逆势上涨币种推荐 #美联储会议纪要将公布 #比特币行情观察