BUSINESSJul 8 · 19:13 UTCMARKETWATCHHannah Pedone

More than two-thirds of tech stocks are at least 20% off recent highs. What’s happening to the AI trade?

More than two-thirds of tech stocks are at least 20% below recent highs, with major semiconductor companies declining sharply as investors take profits after a strong second quarter. The article questions the current state of the AI trade amid these market movements.

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