AI Profitability Doubts Trigger Tech Selloff: Meta -7%, Chips -6.7%

Markets sold off tech shares on renewed concerns that massive AI capex will not translate into commensurate profits. Meta fell 7% and semiconductor stocks dropped 6.7%, indicating a broad de-rating of AI-exposed names. The move suggests investors are reassessing the sustainability of AI-driven earnings growth, with uncertainty over when returns will materialize.

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