XJO 0.23% 7,587.0 s&p/asx 200

The tech sector wasa big part of today’s crackup. Super Micro...

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    The tech sector wasa big part of today’s crackup. Super Micro Computer and Nvidia plummeted, withthe two AI favorites leading the broad-based tech selloff. Super Micro,a maker of equipment to handle artificial intelligence work, sank 23% inits biggest drop since August, closing at its lowest in more than two months.Chipmaker Nvidia’s 10% drop made for its steepest plunge session since thestart of the pandemic in March 2020. It closed below its 50-day moving averagefor the first time since November. The slump erased nearly $212 billion off itsmarket capitalization. “People seemed to think the AI trade would go upforever. It got crowded and now it’s unwinding something fierce,”said Dennis Dick, a proprietary trader at Triple D Trading. “This is just atech wreck 1300 points in a week$$ go the bears
 
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