Global Markets Retreat as AI Sector Concerns Trigger Widespread Selloff in Stocks and Gold

Global financial markets experienced a significant downturn on Friday, February 13, as a broad selloff impacted both equities and gold prices. The decline was primarily driven by intensifying anxieties surrounding the Artificial Intelligence (AI) sector and its long-term sustainability. Major indices such as the SPY and QQQ saw notable retreats, alongside heavyweights in the tech sector including NVDA and MSFT. Despite the sharp market correction, several Wall Street analysts have suggested that the current selling pressure may be an overreaction. The simultaneous drop in risk assets and safe-haven gold highlights a 'sell-everything' sentiment and heightened volatility across global markets.