Tech Stocks Decline Amid AI Investment Concerns and U.S. Government Shutdown Fears

Tech stocks have seen a sharp decline due to growing concerns over the profitability of Big Tech's investments in artificial intelligence. According to NS3.AI, this downturn has had a ripple effect on the broader risk asset market, including cryptocurrencies. Microsoft, in particular, has suffered a notable loss in market capitalization, contributing to a widespread risk-off sentiment that has also impacted gold prices. The situation is further exacerbated by fears of a potential U.S. government shutdown, which has pushed the total cryptocurrency market capitalization below $3 trillion.