The Nasdaq Composite slipped more than 2% in early trade on Tuesday. The decline came as a global tech sell‑off accelerated on worries about persistent U.S. interest‑rate pressure and rising spending on artificial intelligence. Chipmakers fell hardest, pulling down large Big Tech names. The sell‑off spread across other sectors, but technology remained that weakest. Investors cited the Fed’s ongoing rate hikes and corporate AI budgets as the main triggers.
Analysts stated the move signaled one rotation of capital rather than a full‑scale liquidation. The Dow Jones Industrial Average, by contrast, finished the session in positive territory.