Nvidia, AMD, and Micron Technology led a broad technology sector sell-off on Tuesday as investors pulled back from some of the market's biggest winners. The decline came days after the Federal Reserve signalled that inflation remains above its target, raising concerns that interest rates could stay higher for longer. Investors also appeared to reassess valuations across the artificial intelligence sector after months of strong gains.
The technology sector was among the worst performers of the day, helping push the Nasdaq Composite down roughly 2.1 per cent and extending losses for a second consecutive session.
