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Stock market AI jitters and investor flight

6 items1 sourcesupdated 7d agotrend 0

A broad selloff in AI and chip stocks on July 29, 2026 wiped over $1 trillion in market value as investor confidence in AI spending returns wavered. Meta shares fell amid criticism of its AI investment plans, while hedge funds faced margin calls and Apple briefly became the second $5 trillion company as capital rotated away from AI-heavy equities.

  • Chip stocks lost more than $1 trillion in value on July 29, 2026
  • Meta shares declined as investors questioned the company's AI spending strategy
  • Hedge funds received collateral demands as AI stock prices tumbled
  • Apple reached $5 trillion market cap as investors shifted away from AI stocks
  • Mark Zuckerberg publicly criticized centralization of AI power amid the market turmoil