A global technology stock sell-off intensified on Tuesday, underpinned by worries over hefty bills for the build-out of artificial intelligence systems and concerns over tougher competition from China. The Nasdaq Composite index, chock-full of big technology companies, came close on Tuesday to falling into correction, Wall Street’s term of a drop of 10 percent or more from its recent peak, before rebounding and ending the day down just 0.2 percent. Still, the slide among top chipmakers remained. The American chip company Micron declined more than 8 percent on Tuesday, as…
Tech Stocks Tumble on Worries Over A.I. Spending and China’s Chips
