#GlobalTechSell-OffHitsRiskAssets

Global Tech Sell-Off Hits Risk Assets
The sharp wave of selling echoing through global financial corridors has impacted a wide spectrum from tech giants to crypto assets, initiating a challenging period for "risk assets." This deepening trend since the beginning of the week is causing investors to re-examine the excessive valuations in the artificial intelligence and software sectors, which have been the focus of high hopes in recent years.
The Trial of Tech Giants and the AI Scrutiny
At the center of this market turbulence lie the massive investment budgets announced by tech giants, particularly Alphabet and Amazon. As investors await concrete evidence of when the billions spent on AI infrastructure will translate into tangible profits, lower-than-expected revenue guidance has triggered a "crisis of confidence." Specifically, Anthropic's announcement of a new tool to automate corporate processes has sparked debate over the validity of traditional software companies' business models, leading to losses exceeding 10% in those stocks.
Sharp Decline in Risk Appetite and the Domino Effect
This retreat in the technology sector hit not only stock indices but all instruments sensitive to risk appetite. Bitcoin and other major cryptocurrencies experienced sharp value losses, testing their lowest levels in years due to increased liquidity needs and the instinct to flee from risk. In Asian markets, sudden drops of up to 4% were observed in tech-heavy benchmarks like South Korea’s Kospi index, led primarily by semiconductor manufacturers.
Return to Safe Havens and Macroeconomic Uncertainties
Investors are turning toward more defensive sectors and traditional safe havens to protect capital exiting tech stocks. However, commodity markets also took their share of volatility during this process; gold and silver prices saw short-lived but sharp fluctuations due to selling pressure driven by the need to generate cash. Ongoing uncertainties regarding the interest rate policies of US and European central banks, combined with geopolitical tensions, stand out as the cornerstones disrupting this "calm before the storm."
This global sell-off appears to be the harbinger of a new era where markets focus not just on growth narratives, but on how sustainable and profitable that growth truly is. The effort to ground valuations on rational foundations will once again prove the importance of financial literacy and selective investing in the coming period.