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A tech and chip stock rout intensified on Tuesday as concerns grew over a potential AI bubble and China’s technological advancements, causing a shift in investor focus away from the Nasdaq. The Nasdaq dropped 1.2% around 10:10 a.m. ET, contrasting with the Dow Jones Industrial Average’s 0.8% jump and the S&P 500’s 0.2% decline. Traders are showing interest in alternative sectors amid uncertainties in the tech industry. American chipmakers like Micron, AMD, Intel, Broadcom, and Nvidia saw significant declines. According to Rick Gardner, chief investment officer at RGA Investments, Wednesday is critical for markets as the Federal Reserve Chair will…
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