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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid a global tech selloff, markets brace for further pressure as Nasdaq futures decline. Reports indicate that OpenAI is considering delaying its anticipated initial public offering, further souring sentiment around the AI boom. The developments come as the sector experiences sharp fluctuations on concerns about overvaluation of AI investments.
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Sign InThese moves follow weeks of decline in major tech stocks, with shares of Nvidia and Microsoft losing some gains amid valuation worries. According to market data, the Nasdaq Composite has fallen 3% in the past five days, accelerating profit-taking after a strong rally. Also, hawkish central bank commentary on sustained high interest rates has added pressure on richly valued equities.
Traders are closely watching the AI sector, as any official confirmation of an OpenAI IPO delay could trigger another selloff. Markets are also awaiting next week's US inflation data, which could shape the interest rate outlook. Given the uncertainty, volatility is expected to remain elevated in the near term, especially in tech stocks that have benefited most from the AI boom.