US tech fund flows are absolutely wild right now:
Tech sector funds saw -$15 billion in outflows this week—the biggest weekly drop in at least 2.5 years, more than double the previous record. And this happened right after +$19 billion poured in the week before, also a record
The Nasdaq just had its fifth straight down day as chip stocks got hit across the globe.
It all started with one report: OpenAI might push its IPO to next year.
That news spooked Asia too.
According to the NYT, traders worry a delay could slow AI infrastructure spending