Tech stocks just had their worst day since March 2020, and Janus Henderson Global Head of Macro Rich Bernstein says it looks like the classic end of a momentum trade: investors running full speed until the ground disappears. He tells Yahoo Finance’s Brooke DiPalma what triggered the selloff, from heavy risk-taking to election uncertainty and weakening tech fundamentals, why a broadening market is actually healthy, and why investors may get choosier about Big Tech’s borrowing. Then Jared Blikre breaks down how chip stocks lost 30% in a month, how the QQQ is holding up and why value is now beating growth.
00:00 What triggered tech’s worst day since 2020
01:28 Is the AI bubble deflating?
02:08 Why a broader market is healthy
02:57 How long will the volatility last?
04:21 Why investors will get choosier on Big Tech
05:19 QQQ vs. chip stocks
06:45 The market is no longer concentrated
08:38 Growth vs. value
10:49 The jobs report ahead
#aibubble #stockmarket #techstocks
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