Tech stocks tumble for a second day. Here's what is behind the selloff. - CBS News

On June 23, 2026, tech stocks continued their decline for the second consecutive day amid growing investor skepticism over whether artificial intelligence (AI) will deliver the profits that have justi... Read original →

The AI valuation bubble is meeting reality. Downstream, 3nm and EUV tool procurement has slowed, pressuring TSMC and Taiwan, China’s foundry utilization; upstream, cloud providers are reassessing GPU cluster ROI amid dismal AI service monetization. Compliance costs have surged due to overlapping U.S. export controls and the EU AI Act, disrupting supply chain predictability. Strategically, NVIDIA will likely deepen custom AI chip partnerships to lock in hyperscalers, while Microsoft and Google push bundled AI into Office and Workspace to close monetization loops. Over the next 12–24 months, only players with proven vertical-specific deployments and positive unit economics will survive—the rest face consolidation or irrelevance.