Tech Stocks Fall Globally as AI Doubts Hit Chips, SpaceX
A broad tech and AI stock selloff affecting Nasdaq, SpaceX, and global chip makers is directly relevant to the portfolios and retirement accounts of Morning Brief’s professional readership. The AI investment thesis is being stress-tested in real time.
Global technology stocks fell sharply Tuesday, extending a losing session on Wall Street. A broad chip-sector selloff deepened doubts about near-term returns on AI investment. Nasdaq and S&P 500 futures declined in early trading, with chip makers among the hardest-hit names across Asian and European markets.
SpaceX shares fell more than 16%, erasing roughly $400 billion in market value from the company’s debut-week highs, as rising US bond yields weighed on high-multiple growth stocks. Samsung and SK Hynix also retreated in Seoul trading. Investors are growing skeptical that AI infrastructure spending will produce near-term earnings growth sufficient to justify current valuations.
Sources
Tech rout intensifies as selloff grips global stocks
Global stocks sold off Tuesday, led by deep losses for tech stocks following a losing session on Wall Street.
Stock market today: Nasdaq, S&P 500 futures dive as global chip sell-off spurs AI doubts
Nasdaq and S&P 500 futures diving as global chip sell-off spurs AI doubts.
SpaceX sheds $400bn in market value as debut rally hits reverse
Shares in Elon Musk’s AI and rockets group tumble more than 16% following fresh rise in US bond yields.
See a mistake? Report an error · Corrections policy
More from the June 23, 2026 Brief
Business
Alan Greenspan, Fed Chair for 19 Years, Dies at 100
The death of Alan Greenspan at 100 is a major obituary moment for the financial world. He shaped US…
Politics & World
Four States Hold Primaries Testing Party Power
Today is primary day in four states. The New York races pit democratic socialists against…
