Tech Stocks Tumble as AI Debt Concerns Rattle Wall Street

Financial markets slumped on Friday, with tech stocks leading the decline, as investors grew wary of companies tied to artificial intelligence. Chipmakers and 'neocloud' providers, which finance their extensive AI infrastructure buildouts through debt, faced significant pressure due to rising concerns about their mounting liabilities. These worries were exacerbated by revised valuations for AI giants like Anthropic and signs of increasing US inflation.