SpaceX stock craters, hundreds of billions wiped out as AI scepticism hits Wall Street (opens original article in a new tab)

SpaceX stock dropped over 16% as AI-related market concerns led to declines in tech stocks across Asia and Wall Street, with investors questioning the sustainability of AI investment returns.

• SpaceX stock plunged over 16% after an IPO, wiping hundreds of billions from its valuation
• Asian tech stocks declined as investors questioned the sustainability of the AI-driven market boom
• Wall Street tech giants like Amazon, Nvidia, and Microsoft also fell amid concerns over AI investment returns
• Oil prices edged up but remained below $80 after US-Iran talks eased some geopolitical tensions