US Stock Market Moves: Leading Tech Stocks Continue to Decline, Intel (INTC.US) Drops Over 6%

Smart Finance APP reported that on Tuesday, leading tech stocks continued their decline, with Advanced Micro Devices (AMD.US) dropping over 8%, Intel (INTC.US) falling more than 6%, and Qualcomm (QCOM.US) down 3.03%. As investors’ concerns about the sustainability of the artificial intelligence (AI) boom intensify and overall market sentiment continues to deteriorate, global technology stocks faced further sell-offs. This decline reflects mounting worries about overcrowded stock positions during the AI build-out cycle and the rising levels of corporate debt. Rating agency Fitch warned that the AI frenzy and potential correction risks are becoming key global credit risks, heightening concerns about surging technology valuations and unprecedented spending being made well before future returns are certain.