Due to the sell-off of large technology stocks and their transmission to Asian artificial intelligence related stocks, US stock futures fell on Tuesday. The Asian technology sub sector ended its eight day streak of gains, while the Japanese and Korean stock markets rebounded, with the Korean stock market falling nearly 10%. Alphabet has shown weak performance, while SpaceX has fallen. Investors demand real returns on investment in artificial intelligence infrastructure, SpaceX raises $75 billion in funding. Jian Shi Cortesi, a fund manager at Gam Investment Management, stated that many investors hold artificial intelligence stocks for returns, and any fluctuations prompt them to reduce their holdings and lock in profits. Technology stocks are sensitive to the outlook for interest rates and potential interest rate hikes by the Federal Reserve.
