Tech stocks stumbled today as concerns about an artificial intelligence bubble resurfaced. The Nasdaq Composite Index fell two point five percent at the opening bell, while the S and P five hundred declined roughly one percent. The biggest casualties were memory chip and storage device makers—sectors that had benefited enormously from the artificial intelligence infrastructure boom. South Korea's KOSPI index was already down ten percent overnight, dragging down Samsung and SK Hynix. In the US, memory manufacturer Micron fell more than ten percent, storage device maker Sandisk plunged twelve percent, and hard disk drive makers Seagate and Western Digital each declined around eight percent. Even SpaceX, which went public less than two weeks ago, briefly fell below its one hundred fifty dollar opening price. Whether this marks a real correction or a temporary rebalancing in the market remains unclear. According to Axios.

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