U.S. stocks experienced a broad sell-off, with increasing pressure on technology companies and memory chip makers, bringing back questions about whether the AI boom is approaching a bubble phase.

U.S. markets lost nearly a trillion dollars in market value in a single session, with sharp declines in major tech stocks. Nvidia fell by 3.77%, while Tesla dropped by 5.70%, and Micron declined by 12.19%.

The Nasdaq Composite Index (IXIC), which includes the largest tech companies, came under strong pressure, falling about 2.1%, leading the downturn on Wall Street. The S&P 500 (GSPC) dropped by 1.4%, while the Dow Jones Industrial Average (DJI) saw a slight decline.

The technology sector received an additional blow as pressure continued on AI-related stocks, while SpaceX (SPCX) shares extended their decline for a third consecutive session before partially trimming losses.

Intensive selling of shares in Korean memory chip giants SK Hynix and Samsung intensified concerns about AI company valuations reaching inflated levels, which once again raised questions among investors about whether the AI bubble is approaching a bursting point.
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