Stocks
Nasdaq Dives 0.63% as Tech Sector Weighs Heavy
The Nasdaq Composite dropped 0.63% on Monday as broad market participation lagged, with a 1.51-to-1 ratio highlighting concerns about heavy dependence on AI-linked shares.
The decline was led by chip stocks, including Sandisk, which fell 10.62%, and Micron and Marvell, both of which declined over 6%.
Nvidia's upcoming earnings report and Wednesday's inflation figures are expected to provide key tests for valuations in the AI sector.