Tech stocks slide as global markets get wake-up call on AI

Reality check as bruising selloff in several technology giants fuelled concern that the artificial intelligence frenzy might be overblown

The tech rout engulfed stocks as worries about frothy valuations ignited a fresh bout of volatility after a nearly three-month surge in riskier assets. Stock picture

Global stocks got a reality check as a bruising selloff in several technology giants fuelled concern that the artificial intelligence (AI) frenzy that has powered the equity bull market might be overblown.

The tech rout engulfed stocks as worries about frothy valuations ignited a fresh bout of volatility after a nearly three-month surge in riskier assets.