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Tech sell-off continues amid US inflation data

Reuters +1 ·

NVDA NVIDIA Corp
$221.30 -3.16%
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  1. 1Tech stocks faced accelerated selling as US inflation data raised expectations for a rate hike this month.
  2. 2Shares of Micron Technology, Marvell, and AMD fell by more than 5%.
  3. 3Following a 15.5% drop for CoreWeave on Wednesday, the stock fell 7.3% on Thursday.

So what's the key point?

Tech stocks saw increased selling pressure as US inflation data raised expectations for a rate hike this month.

Source Reuters +1 · View original ↗

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