WS #16058
The Nasdaq Composite posted its worst weekly close in months, closing well below key moving averages and signaling a broad unwinding of the AI trade. This selloff is compounded by insider selling at Broadcom and valuation debates at Moderna. While Intel and AMD are raising prices by up to 20%, this is a margin-defensive response to cost pressures rather than a sign of robust demand, reinforcing the bearish outlook for high-multiple tech stocks in the current risk-off environment.
Tech Selloff and AI Valuation Reset
The Nasdaq Composite posted its worst weekly close in months, closing well below key moving averages and signaling a broad unwinding of the AI trade. This selloff is compounded by insider selling at Broadcom and valuation debates at Moderna. While Intel and AMD are raising prices by up to 20%, this is a margin-defensive response to cost pressures rather than a sign of robust demand, reinforcing the bearish outlook for high-multiple tech stocks in the current risk-off environment.