#tech-market-selloff

#tech-market-selloff

The markets are sinking across the board as traders and investors run for the exits on technology and inflation-related fears. All three of the major stock market averages are suffering steep declines, including a 1% drop in the Nasdaq Composite alongside a nearly 2% decline in the Russell 2000 index comprised of small-cap names.

The markets are under pressure today after Big Tech stocks spooked investors with their hefty capex agendas for 2026. Google parent Alphabet ( Nasdaq: GOOGL) Google shocked the markets by basically doubling its capital expenditures roadmap to $185 billion in 2026 compared with expectations of $120 billion in a bid to drive growth. GOOGL stock, which is a member of the Nasdaq Composite, is currently down about 3% while its market cap is hovering at $3.9 trillion.

(Bloomberg/Ryan Vlastelica) Soaring prices for memory and storage components have turned companies like Sandisk Corp., Micron Technology Inc. and Western Digital Corp. into the hottest stocks in the market over the past year. But they're causing headaches for many of their customers. Hardware companies from Apple Inc. to HP Inc. are under pressure, as their need for expensive memory components becomes an investing risk one that isn't expected to reverse anytime soon. They're in a tough position, said Rob Thummel, senior portfolio manager at Tortoise Capital, which has $9.1 billion in assets and runs an exchange-traded fund dedicated to AI infrastructure.