Google sheds nearly half a trillion in value amid US tech selloff

WASHINGTON PSqure Daily Correspondent

Google has shed nearly half a trillion dollars in value this week as United States technology equities suffer sharp declines. The widespread market downturn is being driven by fears surrounding the costs associated with artificial intelligence.

The broader sector selloff has significantly impacted major indices, forcing the technology-heavy Nasdaq to begin trading at its lowest mark in over two months. Alongside Google's massive valuation drop, shares in Intel have also continued on a downward trajectory as part of the wider market movement.

Despite the severe contraction, the pullback could offer alternative prospects. Mike Khouw suggests that the week's intense selling across the technology landscape might actually provide a trading opportunity.

Read the full report with related stories: https://psqure.com/story/99b5fd49-eccf-4018-b96b-7131d10ee5a9

Covered by

• CNBC
• BBC World

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