Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports
US equity markets lost close to $1 trillion in value after major technology companies posted earnings below expectations. The decline reflected investor concerns that massive spending on artificial‑intelligence initiatives may not translate into swift profit growth. The sell‑off pulled down broader indices, highlighting the sector’s influence on market performance. Analysts noted that the disappointing results from firms such as Microsoft, Alphabet and Nvidia intensified the skepticism.