AI infrastructure stocks shed $4.2tn as data centre boom unwinds

A broad tech sell-off has erased $4.2tn in market value from AI 'picks and shovels' companies, including data centre construction and equipment suppliers. The reversal signals a sharp repricing of AI capex expectations, with investors questioning the sustainability of the buildout. The magnitude of the loss suggests a potential systemic shift in market leadership, though the trigger and duration of the sell-off remain unclear.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works