Tech stocks tank on Wall Street. Is the chip bubble finally popping? (opens in new tab)

Tech stocks continued their slide Tuesday, stoking concerns that the long-feared collapse of the AI and chip rally could be near. But some traders on Wall Street say this is only a bump in the road. The Nasdaq Composite Index was down 475 points, or nearly 2%, as of 9:45 a.m. ET Tuesday, after dropping 1.3% on Monday. Shares of major chipmakers were broadly lower, some substantially so. The sell-off that began Monday gathered steam overnight, as global markets in Asia took heavy losses on plu...