WS #13254
Hedge funds sold tech at historic pace, tech sector slumped in July, and concerns about AI circular financing grow, pressuring tech stocks. Apple faces parts shortages and guided revenue below expectations, with stock dropping 5.5% after hours; memory price surge and component costs pressure margins.
Tech selloff and AI bubble concerns
Hedge funds sold tech at historic pace, tech sector slumped in July, and concerns about AI circular financing grow, pressuring tech stocks.
Apple faces parts shortages and guided revenue below expectations, with stock dropping 5.5% after hours; memory price surge and component costs pressure margins.