“Wall Street in Turmoil: Nvidia Leads US Tech Selloff” – Yahoo Finance UK

In a tumultuous week for Wall Street, the tech sector took a major hit as Nvidia led a US tech selloff, causing widespread panic among investors. The stock market experienced a sharp decline as concerns over rising interest rates and inflation weighed heavily on tech stocks.

Nvidia, a leading semiconductor company known for its graphics processing units, saw its shares plummet by over 10% on Thursday alone. This drop sent shockwaves throughout the tech industry, with other major players such as Apple, Amazon, and Microsoft also experiencing significant losses.

Analysts attribute the selloff to fears of a potential increase in borrowing costs, which could impact the profitability of tech companies that rely heavily on debt financing. Additionally, rising inflation rates have raised concerns about the overall health of the economy, further exacerbating the sell-off.

Investors are now closely monitoring the situation to see if the tech sector can rebound from this recent downturn. Many are looking to upcoming earnings reports and economic data releases for signs of a potential recovery.

As Wall Street continues to grapple with uncertainty, the tech sector remains a focal point for investors and analysts alike. The ongoing carnage in the markets serves as a stark reminder of the volatility and unpredictability of the financial world.