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Tech stocks suffer worst week in a year as AI hype fades, dragging Nasdaq and S&P 500 down.

Market News
26 Jun 2026
Market Watch
View Source
Bearish
pluang ai news

In the week ending June 26, 2026, tech stocks, including memory-chip makers and the so-called 'Magnificent Seven,' experienced significant declines. Investor enthusiasm for artificial intelligence investments cooled, leading to steady losses in the Nasdaq Composite and S&P 500 indexes. This downturn highlights growing skepticism about the sustainability of AI-driven growth in tech. Market watchers will be monitoring whether this trend continues or if confidence in AI stocks rebounds.

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