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Earn up to 12% p.a. with Longbridge cash boost pomotion
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📈 Tech Stocks Take a Beating as AI Hype Deflates

  • August 23, 2025
  • Roubens Andy King
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🔍 Intro

The tech-heavy Nasdaq tumbled 0.7% on Tuesday, extending its losing streak as investors fled AI darlings like Palantir and Nvidia. The S&P 500 dropped 0.2% for its fourth consecutive decline, while the Dow managed a slight gain. This marks a dramatic shift from the AI euphoria that drove markets to record highs earlier this year.

📊 What’s Happening

Palantir (PLTR) became the poster child of this tech rout, plummeting 9% in a single day and extending losses to six straight sessions. The data analytics company has now shed…

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