Wall Street's Tech Selloff Accelerates as Investors Rotate From AI Winners to Industrial Stocks
- Fox Business reports a sharp acceleration in the rotation out of mega-cap AI and semiconductor names into cyclicals, with industrials, energy and consumer defensives showing resilience while the Nasdaq and S&P 500 struggle.
- Analysts cite stretched tech valuations, doubts about returns on massive AI capex, and BIS warnings that lackluster AI ROI could choke off financing as catalysts for the shift (foxbusiness.com/video/6399464051112).
- The move comes as U.S. stock futures trade modestly higher Monday night on news of a U.S.–Iran stand-down, suggesting risk appetite is broadening rather than collapsing.