WS #16561
The technology sector is undergoing a violent repricing as Alphabet falls 12% on AI valuation fears and Amazon crashes in after-hours trading on negative cash flow and missed expectations. This follows Intel's 22% plunge on fab outages, signaling a broad-based rejection of high-multiple tech and semiconductor valuations. The market is shifting focus from growth narratives to fundamental profitability and cash generation.
Tech Sector Selloff and AI Valuation Reset
The technology sector is undergoing a violent repricing as Alphabet falls 12% on AI valuation fears and Amazon crashes in after-hours trading on negative cash flow and missed expectations. This follows Intel's 22% plunge on fab outages, signaling a broad-based rejection of high-multiple tech and semiconductor valuations. The market is shifting focus from growth narratives to fundamental profitability and cash generation.