Tech Stocks Are Abruptly Collapsing

Tech stocks are experiencing a significant collapse, with SpaceX's recent IPO leading a broader market sell-off. Major tech companies like Amazon, Nvidia, Tesla, Alphabet, and Intel have seen substantial drops, wiping out billions in market value. This downturn suggests a potential end to the years-long AI hype cycle and raises concerns about an overvalued tech bubble impacting the global economy.