BUSINESSQUARTZ
Apple down 6%. Microsoft down 3%. SoftBank down 12%. The tech selloff isn't just about chips anymore.
Apple, Microsoft, and SoftBank all experienced significant stock declines, with SoftBank down 12%. The tech selloff is expanding beyond semiconductor-related concerns, as Brent crude oil prices fall below $73 per barrel and the Nasdaq faces a weekly loss exceeding 4%.
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Adjacent reporting
- Asia tech stocks extend sell-off with SoftBank down over 7% as investors sour on AI-linked names
- Nasdaq sinks 3% as tech sell-off reignites
- World shares are mostly lower after a tech sell-off on Wall Street, while oil prices waver
- SoftBank's shares are down 10% amid broader tech sell-off
- Tech, chip stocks deepen losses as SpaceX briefly dips below IPO price