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Stock Market Today: Tech Selloff to Extend Into Second Day

The global technology selloff is extending into a second day as enthusiasm for artificial intelligence stocks wobbles and a hot consumer price index report sparks a broader market retreat. Asian and European markets fell following declines in the United States, with South Korea's Kospi sliding 7%. Futures for the S&P 500 and Nasdaq pointed downward amid volatile trading, while memory-linked shares such as Micron dipped. Investors rotated out of technology sectors into the Dow and Treasurys. Palantir stock closed below $190 after a sharp single-day drop.

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⚡ Key Developments & Real-Time Context
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  • ✓ Asian markets sold off as artificial intelligence trades crumbled following hot US consumer price index data.
  • ✓ The selloff in US semiconductor shares spilled into Asian and European markets, causing Micron and other memory-linked names to dip.
  • ✓ South Korea's Kospi slid 7 percent.
  • ✓ Palantir closed Friday at $186.03 after a 7.22 percent one-day drop.
🛡️ Source Corroboration: 12 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Asian and European exchanges experienced steep losses as the technology selloff spilled over internationally following hot US inflation data.

Live updates

  1. Tech Selloff Extends as AI Trades Crumble

    The global technology selloff is extending into a second day as enthusiasm for artificial intelligence stocks wobbles and a hot consumer price index report sparks a broader market retreat. Asian and European markets fell following declines in the United States, with South Korea's Kospi sliding 7%. Futures for the S&P 500 and Nasdaq pointed downward amid volatile trading, while memory-linked shares such as Micron dipped. Investors rotated out of technology sectors into the Dow and Treasurys. Palantir stock closed below $190 after a sharp single-day drop.

    Why it matters

    The pullback follows hot inflation data that triggered a sharp reaction across risk assets and forced a reassessment of high-flying artificial intelligence valuations. Semiconductor stocks and memory-linked names have borne the brunt of the pressure as global exchanges absorb the spillover from the United States drop. Market participants are monitoring whether the rotation out of growth sectors into defensive assets and safe-haven currencies will deepen.

    What is confirmed

    • Asian markets sold off as artificial intelligence trades crumbled following hot US consumer price index data.
    • The selloff in US semiconductor shares spilled into Asian and European markets, causing Micron and other memory-linked names to dip.
    • South Korea's Kospi slid 7 percent.
    • Palantir closed Friday at $186.03 after a 7.22 percent one-day drop.

    Still unconfirmed

    • S&P 500 futures are testing key support near 7,668 following the artificial intelligence stock panic.

    What to watch next

    • More US economic data releases
    • Concurrent moves in rates markets and safe-haven currency flows for the USD and JPY
    Sources used for this update (12)
    1. economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
    2. Bloomberg.com — Asian Stocks to Fall as Hot CPI Sparks US Selloff: Markets Wrap
    3. Reuters — Asian markets sell off as AI trades crumble after hot US CPI data
    4. CNBC — S&P 500 futures fall ahead of more U.S. economic data; South Korea's Kospi slides 7%: Live updates
    5. WSJ — Stock Market Today: Tech Selloff to Extend Into Second Day — Live Updates
    6. CNN — Global tech selloff deepens as enthusiasm for AI stocks wobbles
    7. www.cnbc.com — Micron sinks, other memory-linked names dip for a second day
    8. finance.yahoo.com — Stock market today: Dow, S&P 500, Nasdaq futures mixed amid ...
    9. financefeeds.com — Palantir Stock Closes Below $190, Down 13% From Its Record: What the Selloff Is Pricing In
    10. investinglive.com — S&P 500 analysis and forecast after the "AI bubble" panic
    11. alphathinker.app — Stock Market Today: Tech Selloff to Extend Into Second Day
    12. fxbankforecast.com — Stock Market Today: Tech Selloff to Extend Into Second Day
    confidence 95%
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