The true reason behind the panic sell of the tech giants associated with AI, especially NVIDIA, was, there was no profit made from the crazy AI investment so far. Now that there is a stronger competitor who has much lower cost will mean those giants will most likely suffer great loss.
They called Woods the lady Buffett or something like that. Look at the market performance with the imminent QE quitting and rate hike, I can't help thinking of Buffett's favourite quote "only when the tide goes out do you discover who's been swimming naked." How true it is!
Funny excuse! I woke up to find that US markets down and I presumed it was because of the poor consumer confidence index published by University of Michigan. And don't lie about Russia - Ukraine war fear. The war only existed in the minds of American politicians! There will be no war.