Tech stocks sold off sharply

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US tech stocks have their biggest weekly decline since April

US technology stocks just had their worst week since April, after a sell-off in artificial intelligence (AI)-related stocks wiped out $820 billion in market capitalization.

For the week, the US tech-heavy Nasdaq index fell about 3%, marking its biggest weekly decline since the US announced its tariff policies in April. The Dow Jones and S&P 500 indexes also fell. The decline came amid investor concerns about the high valuations of AI-related stocks, especially after four major technology companies announced investments of up to $112 billion in AI infrastructure in the third quarter, mostly through debt. In addition, the weakening US labor market and the disruptions from the longest government shutdown in history also affected investor confidence.

However, not all experts are pessimistic. “There’s been a little bit of a shift into other groups of stocks, and that’s good for value stocks. So I don’t think the sell-off is due to excessive concerns about the Magnificent 7. AI investment is still strong… I don’t think the AI bull run is over,” Leah Bennett, strategist at Concurrent Asset Management, told CNBC.

Veterans in South Korea's tech industry also offer a bright outlook for the semiconductor supercycle.

Kim Sung-soo, CEO of Datacrunch Global and Professor of AI Business Strategy at Yonsei University Graduate School of Business, said the AI market is still in its infancy and people cannot see or have never imagined what might actually happen in the next few years.

As an AI expert who leads AI strategy consulting services for multinational companies, Professor Kim said that every country needs sovereign AI and wants to build its own data centers, just like global tech giants like OpenAI and Google. Therefore, the investment in these efforts will be significant and will not decrease in the next few years. Professor Kim Sung-soo also emphasized that in the digital age, many new devices will appear and new needs will continuously arise.

Meanwhile, Colley Hwang, founder and chairman of Digitimes, a leading semiconductor and electronics market information channel based in Taiwan (China), said that the AI field has great potential in high-performance computing — extending beyond mobile phones to high-value areas such as electric vehicles, drones and robots. He asserted that semiconductors and AI will be the driving force for the digital economy and even the quantum economy in the future. So it can be affirmed that the demand for AI applications in the future will not decrease because everyone needs to increase computing power further.

Colley Hwang believes that we should not worry about an AI bubble now but rather think about who can win the game and who will capture the majority of market opportunities in the coming decades.

Source: https://vtv.vn/co-phieu-cong-nghe-bi-ban-thao-manh-me-100251110100546294.htm