{"id":15380,"date":"2026-02-26T19:13:37","date_gmt":"2026-02-26T19:13:37","guid":{"rendered":"https:\/\/borrowaccelerated.com\/?p=15380"},"modified":"2026-02-26T19:13:38","modified_gmt":"2026-02-26T19:13:38","slug":"tech-stocks-slide-as-ai-spending-fears-return","status":"publish","type":"post","link":"https:\/\/borrowaccelerated.com\/?p=15380","title":{"rendered":"Tech stocks slide as AI spending fears return"},"content":{"rendered":"<div>\n<p>Stay informed with free updates<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Simply sign up to the <!-- -->US equities<!-- --> myFT Digest &#8212; delivered directly to your inbox.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=62e713ad-ffdc-4898-8492-481815d1aff0&amp;concept-id=971c884d-f8fa-45c8-af59-bee0d7f28284\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>US tech stocks fell, with indices weighed down by Nvidia and several of its suppliers, after the chip group\u2019s blockbuster earnings did little to calm investors\u2019 jitters about a possible bubble in AI tech spending.<\/p>\n<p>Wall Street\u2019s tech-heavy Nasdaq Composite index was down 1.9 on Thursday afternoon, while Nvidia had dropped 5.3 per cent. The broader S&amp;P 500 was 1.1 per cent lower.<\/p>\n<p>Nvidia\u2019s fourth-quarter earnings, released after the market closed on Wednesday, showed stronger than expected revenues and surging profits, prompting shares to initially rise in after-hours trading. <\/p>\n<p>However, investors soon grew more nervous as the company\u2019s \u201cconference call offered limited detail on the revenue outlook\u201d, said Jim Reid, global head of macro research at Deutsche Bank, and the share price dropped sharply once trading began in New York.<\/p>\n<figure id=\"cuezvpmo\" class=\"n-content-image n-content-image--full\" data-component=\"image-set\"><picture><source media=\"(min-width: 700px)\"  width=\"3500\" height=\"2500\"><\/source><source media=\"(max-width: 490px)\"  width=\"1500\" height=\"2000\"><\/source><\/picture><\/figure>\n<p>Mike Zigmont, co-head of trading at Visdom Investment Group, said the market seemed to be realising that \u201cmaybe the super lucrative appreciation phase of this AI investment story is now over\u2009.\u2009.\u2009.\u2009there won\u2019t be the eye-popping returns of the past couple of years, so I think you\u2019ve got people bailing out.\u201d<\/p>\n<p>Stocks have suffered a series of sell-offs in recent weeks as concerns over mega caps\u2019 high spending on the AI build-out collided with fears that the technology could disrupt entire sectors, including software, wealth management and freight and logistics.<\/p>\n<p>\u201cThere is a lot of confusion right now,\u201d said Mika Kastenholz, global head of investment solutions at LGT Private Banking. A single catalyst such as Nvidia\u2019s earnings was not ultimately enough to overturn the \u201cmultiple pockets and sources of uncertainty\u201d \u2014 stemming from tech spending, AI disruption fears and broader geopolitical upheaval \u2014 affecting US stocks.<\/p>\n<p>The Nasdaq Composite\u2019s recent record high was at the end of October, but subsequently rallies have been curbed as concerns about vast capex spending plans gripped investors. <\/p>\n<p>Dan Hanbury, portfolio manager at asset manager NinetyOne, said: \u201cWhat is weighing heavy on investors\u2019 minds is how Nvidia can maintain its phenomenal growth rate now its core customers \u2014 the hyperscalers \u2014 are mostly depleting their cash flows [by] spending on AI-related capex.\u201d<\/p>\n<p>Other chipmakers also dropped alongside Nvidia. Broadcom was down 6.7 per cent in afternoon trading and Amsterdam-listed chip giant ASML closed 4.3 per cent lower. <\/p>\n<p>Shares in groups that have been benefiting from the build-out in AI infrastructure also fell. Lam Research and Applied Materials were each down more than 5 per cent, while server provider Super Micro Computer dropped more than 6 per cent. Memory groups Western Digital and Seagate Technology were down 5.7 per cent and 4.9 per cent, respectively.<\/p>\n<p>\u201cThe debate has shifted away from\u00a0near-term results and towards the\u00a0sustainability of AI capex spending,\u201d said Richard Clode, a tech portfolio manager at Janus Henderson.<\/p>\n<p>Nvidia\u2019s share price has struggled for momentum in recent months, while positive earnings revisions mean the company is now trading at \u201ca significant discount to AI peers\u201d, Clode continued.<\/p>\n<p>Frank Lee, global head of tech hardware and semiconductor research at HSBC, said that while Nvidia\u2019s results had beaten \u201ceven our bullish expectations\u201d, there was a lack of \u201cnew narratives\u201d about growth areas for the business.<\/p>\n<p>Meanwhile, software stocks rallied on Thursday after coming under sustained pressure in recent weeks. Salesforce chief executive Marc Benioff has dismissed concerns of an AI-induced \u201cSaaS-pocalypse\u201d hitting the sector, even though the group\u2019s outlook undershoot analyst expectations when it reported on Wednesday.<\/p>\n<p>Salesforce was up 2 per cent in Thursday afternoon trading, while Gartner, Workday and CrowdStrike all added more than 2 per cent.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/62e713ad-ffdc-4898-8492-481815d1aff0\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stay informed with free updates Simply sign up to the US equities myFT Digest &#8212; delivered directly to your inbox. US tech&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-15380","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tech stocks slide as AI spending fears return | Borrow Accelerated<\/title>\n<meta name=\"description\" content=\"Stay informed with free updatesSimply sign up to the US equities myFT Digest -- delivered directly to your inbox.US tech stocks fell, with indices weighed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/borrowaccelerated.com\/?p=15380\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech stocks slide as AI spending fears return | Borrow Accelerated\" \/>\n<meta property=\"og:description\" content=\"Stay informed with free updatesSimply sign up to the US equities myFT Digest -- delivered directly to your inbox.US tech stocks fell, with indices weighed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/borrowaccelerated.com\/?p=15380\" \/>\n<meta property=\"og:site_name\" content=\"Borrow Accelerated\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-26T19:13:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-26T19:13:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2026\/02\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F7dd51bfe-ac46-43e9-bafd-7e4d93265874.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/borrowaccelerated.com\/?p=15380#article\",\"isPartOf\":{\"@id\":\"https:\/\/borrowaccelerated.com\/?p=15380\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/person\/2a1a980ef2ecf845cc4c153d880d7fc7\"},\"headline\":\"Tech stocks slide as AI spending fears return\",\"datePublished\":\"2026-02-26T19:13:37+00:00\",\"dateModified\":\"2026-02-26T19:13:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/borrowaccelerated.com\/?p=15380\"},\"wordCount\":614,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/borrowaccelerated.com\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/borrowaccelerated.com\/?p=15380#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/borrowaccelerated.com\/?p=15380\",\"url\":\"https:\/\/borrowaccelerated.com\/?p=15380\",\"name\":\"Tech stocks slide as AI spending fears return | Borrow Accelerated\",\"isPartOf\":{\"@id\":\"https:\/\/borrowaccelerated.com\/#website\"},\"datePublished\":\"2026-02-26T19:13:37+00:00\",\"dateModified\":\"2026-02-26T19:13:38+00:00\",\"description\":\"Stay informed with free updatesSimply sign up to the US equities myFT Digest -- delivered directly to your inbox.US tech stocks fell, with indices weighed\",\"breadcrumb\":{\"@id\":\"https:\/\/borrowaccelerated.com\/?p=15380#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/borrowaccelerated.com\/?p=15380\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/borrowaccelerated.com\/?p=15380#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/borrowaccelerated.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tech stocks slide as AI spending fears return\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/borrowaccelerated.com\/#website\",\"url\":\"https:\/\/borrowaccelerated.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/borrowaccelerated.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/borrowaccelerated.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/borrowaccelerated.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/borrowaccelerated.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/person\/2a1a980ef2ecf845cc4c153d880d7fc7\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/borrowaccelerated.com\"],\"url\":\"https:\/\/borrowaccelerated.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tech stocks slide as AI spending fears return | Borrow Accelerated","description":"Stay informed with free updatesSimply sign up to the US equities myFT Digest -- delivered directly to your inbox.US tech stocks fell, with indices weighed","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/borrowaccelerated.com\/?p=15380","og_locale":"en_US","og_type":"article","og_title":"Tech stocks slide as AI spending fears return | Borrow Accelerated","og_description":"Stay informed with free updatesSimply sign up to the US equities myFT Digest -- delivered directly to your inbox.US tech stocks fell, with indices weighed","og_url":"https:\/\/borrowaccelerated.com\/?p=15380","og_site_name":"Borrow Accelerated","article_published_time":"2026-02-26T19:13:37+00:00","article_modified_time":"2026-02-26T19:13:38+00:00","og_image":[{"width":700,"height":394,"url":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2026\/02\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F7dd51bfe-ac46-43e9-bafd-7e4d93265874.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/borrowaccelerated.com\/?p=15380#article","isPartOf":{"@id":"https:\/\/borrowaccelerated.com\/?p=15380"},"author":{"name":"Press Room","@id":"https:\/\/borrowaccelerated.com\/#\/schema\/person\/2a1a980ef2ecf845cc4c153d880d7fc7"},"headline":"Tech stocks slide as AI spending fears return","datePublished":"2026-02-26T19:13:37+00:00","dateModified":"2026-02-26T19:13:38+00:00","mainEntityOfPage":{"@id":"https:\/\/borrowaccelerated.com\/?p=15380"},"wordCount":614,"commentCount":0,"publisher":{"@id":"https:\/\/borrowaccelerated.com\/#organization"},"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/borrowaccelerated.com\/?p=15380#respond"]}]},{"@type":"WebPage","@id":"https:\/\/borrowaccelerated.com\/?p=15380","url":"https:\/\/borrowaccelerated.com\/?p=15380","name":"Tech stocks slide as AI spending fears return | Borrow Accelerated","isPartOf":{"@id":"https:\/\/borrowaccelerated.com\/#website"},"datePublished":"2026-02-26T19:13:37+00:00","dateModified":"2026-02-26T19:13:38+00:00","description":"Stay informed with free updatesSimply sign up to the US equities myFT Digest -- delivered directly to your inbox.US tech stocks fell, with indices weighed","breadcrumb":{"@id":"https:\/\/borrowaccelerated.com\/?p=15380#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/borrowaccelerated.com\/?p=15380"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/borrowaccelerated.com\/?p=15380#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/borrowaccelerated.com\/"},{"@type":"ListItem","position":2,"name":"Tech stocks slide as AI spending fears return"}]},{"@type":"WebSite","@id":"https:\/\/borrowaccelerated.com\/#website","url":"https:\/\/borrowaccelerated.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/borrowaccelerated.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/borrowaccelerated.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/borrowaccelerated.com\/#organization","name":"Fintech Advance","url":"https:\/\/borrowaccelerated.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/borrowaccelerated.com\/#\/schema\/logo\/image\/","url":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/borrowaccelerated.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/borrowaccelerated.com\/#\/schema\/person\/2a1a980ef2ecf845cc4c153d880d7fc7","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/borrowaccelerated.com\/#\/schema\/person\/image\/","url":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/borrowaccelerated.com"],"url":"https:\/\/borrowaccelerated.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/posts\/15380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15380"}],"version-history":[{"count":1,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/posts\/15380\/revisions"}],"predecessor-version":[{"id":15382,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/posts\/15380\/revisions\/15382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/media\/15381"}],"wp:attachment":[{"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}