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Tech stocks took a sharp hit today as the Nasdaq fell two point six percent, with investors growing increasingly uneasy about the pace of spending on artificial intelligence. The central question driving the selloff is one the industry hasn't answered cleanly — whether the enormous capital being poured into AI infrastructure will ever produce returns to match the ambition.
Meanwhile, in the markets more broadly, Bitcoin and gold both pared early losses as Asian stocks found some footing and the yen gave up its earlier gains. But with oil hovering near one hundred dollars a barrel, inflation concerns aren't going anywhere, and traders are watching every signal for signs of where pressure builds next.
And in Venezuela, citizens took to the streets in the first nationwide protest in nearly two years, demanding elections following the capture of former president Nicolas Maduro by United States forces. No timeline has been set to determine a successor, leaving a nation of millions in a deepening political vacuum that the international community is watching closely.
Those are the stories moving the needle today. Keep surfing. Tech Beat out.
