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Update
What changedThe selling was broader than SoftBank. Business Insider reports that Nvidia fell 3% in premarket trading, while Nasdaq 100 futures pointed 1.6% lower. SanDisk, Micron and Intel were also set for declines, following falls for TSMC and South Korea’s Kospi.
That turns an eye-catching SoftBank move into a wider test of investor appetite for AI-linked technology shares. The warnings about frontier AI preceded the sell-off, but they do not explain every wobble on the screen. Rich valuations and doubts about when AI spending will produce profits were already part of the market mood.
Sources and evidence- Business Insider: Nvidia was down 3% in US premarket trading, while Nasdaq 100 futures indicated a 1.6% decline at the open.
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