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CNBC TOP STORIES Australian data center operator NextDC's shares plunge 40% after it slashes earnings fore… Bearish THE GUARDIAN WORLD NEWS Fast-fashion giant Shein outperforms several Australian retailers on ethics, report says Neutral THE GUARDIAN US NEWS University of Arizona sorority member alleges sexual assault at fraternity house Pessimistic FOX NEWS US Florida puts 77-year-old man to death for deputy's murder as state closes in on execution… Pessimistic THE GUARDIAN WORLD NEWS Odds of fifth interest rate hike this year shorten as RBA deputy warns inflation outlook … Bearish ENR Mountain States & Southwest People News: October/November Pessimistic FOREIGN POLICY What Does Beijing Mean By ‘Strategic Stability’? Strong Bullish COINTELEGRAPH Musk says SpaceX-Tesla merger a ‘good idea’ as AI revenue jumps ninefold Neutral THE GUARDIAN WORLD NEWS Mariah Carey wins dismissal of brother’s defamation lawsuit over her memoir Pessimistic FREIGHTWAVES Nearly $1M in Pokémon and sports cards vanish from FedEx truck, driver discovers missing … Bearish CNBC ECONOMY Car buyers are demanding lower prices and better tech. Automakers must deliver both Bullish FOX NEWS US Honduran illegal immigrant charged with assaulting ICE officers with hammer during New Je… Pessimistic CBS NEWS The often neglected AI doom scenario that poses a different kind of threat to humanity Bearish CNBC TOP STORIES Japan exports post huge miss in September as growth slows to 16.7% Optimistic CBS NEWS Democratic presidential contenders to gather for post-midterm summit in Denver Bullish CBS NEWS Elon Musk chose to restrict Ukraine's use of SpaceX satellite network, sources say Neutral FOX NEWS US Stranger in Biden mask pulls bizarre Texas doorstep stunt as police issue warning Pessimistic YOUTUBE - YAHOO FINANCE $600 million to turn this office tower into apartments Neutral YOUTUBE - PBD PODCAST Floyd Mayweather Cries After Only Loss Neutral YOUTUBE - YAHOO FINANCE Is SpaceX Burning Too Much Cash? Q3 Earnings Analysis Neutral CNBC TOP STORIES Australian data center operator NextDC's shares plunge 40% after it slashes earnings fore… Bearish THE GUARDIAN WORLD NEWS Fast-fashion giant Shein outperforms several Australian retailers on ethics, report says Neutral THE GUARDIAN US NEWS University of Arizona sorority member alleges sexual assault at fraternity house Pessimistic FOX NEWS US Florida puts 77-year-old man to death for deputy's murder as state closes in on execution… Pessimistic THE GUARDIAN WORLD NEWS Odds of fifth interest rate hike this year shorten as RBA deputy warns inflation outlook … Bearish ENR Mountain States & Southwest People News: October/November Pessimistic FOREIGN POLICY What Does Beijing Mean By ‘Strategic Stability’? Strong Bullish COINTELEGRAPH Musk says SpaceX-Tesla merger a ‘good idea’ as AI revenue jumps ninefold Neutral THE GUARDIAN WORLD NEWS Mariah Carey wins dismissal of brother’s defamation lawsuit over her memoir Pessimistic FREIGHTWAVES Nearly $1M in Pokémon and sports cards vanish from FedEx truck, driver discovers missing … Bearish CNBC ECONOMY Car buyers are demanding lower prices and better tech. Automakers must deliver both Bullish FOX NEWS US Honduran illegal immigrant charged with assaulting ICE officers with hammer during New Je… Pessimistic CBS NEWS The often neglected AI doom scenario that poses a different kind of threat to humanity Bearish CNBC TOP STORIES Japan exports post huge miss in September as growth slows to 16.7% Optimistic CBS NEWS Democratic presidential contenders to gather for post-midterm summit in Denver Bullish CBS NEWS Elon Musk chose to restrict Ukraine's use of SpaceX satellite network, sources say Neutral FOX NEWS US Stranger in Biden mask pulls bizarre Texas doorstep stunt as police issue warning Pessimistic YOUTUBE - YAHOO FINANCE $600 million to turn this office tower into apartments Neutral YOUTUBE - PBD PODCAST Floyd Mayweather Cries After Only Loss Neutral YOUTUBE - YAHOO FINANCE Is SpaceX Burning Too Much Cash? Q3 Earnings Analysis Neutral
Market Watch · Jul 8, 2026 7:13 PM EDT TechnologyAIMarkets

More than two-thirds of tech stocks are at least 20% off recent highs. What’s happening to the AI trade?

Major semiconductor names have been falling hard as investors take profits following a blockbuster second quarter.

More than two-thirds of tech stocks are at least 20% off recent highs. What’s happening to the AI trade?
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