Tech and Chip Selloff Drags S&P 500 Lower; Semiconductor Index Drops 4.5% on July 28

AI Anxiety Triggers Tech Selloff in Asian Markets, Hits KOSPI and Nikkei

Nikkei 225 Plunges 5% as Tech Stocks Lead Global Selloff

Nasdaq Leads Selloff as Tech Stocks Tumble, Crypto Markets Feel the Heat

Fed Rate Hike Jitters Sink Stock Futures, Pressure Mounts on Crypto

S&P 500 Sinks 2.6% as Investors Flee Tech for Defensive Stocks

Bitcoin

The statement validates that the AI capex cycle remains intact despite tariff-driven selloffs, which directly supports GPU demand and indirectly fuels speculation in AI-focused cryptos (FET, RNDR, AGIX). It also signals that institutional capital rotation from defensive to growth assets may accelerate if macro fears ease.

Nvidia CEO Jensen Huang stated the global tech stock selloff is a buying opportunity, emphasizing that AI buildout has just begun.

Nvidia CEO Calls Tech Selloff a 'Buying Opportunity,' Says AI Buildout 'Has Just Begun'

Jensen Huang’s AI boom could crash GPU mining for crypto – a hidden headwind for proof-of-work altcoins

Bitcoin Plunges to $68,000 Amid Tech Selloff; Correlation with Nasdaq Soars