Business

Tech Sector Selloff Continues

Updated 2026-10-16 22:10 UTC 1 source Negative

The tech sector experienced a selloff, with both software and semiconductor stocks declining. The market downturn was driven by fears of higher interest rates and concerns over artificial intelligence.

Coverage timeline — 2 articles

MarketWatch

Palo Alto Networks’ stock leads another dramatic software selloff. Here’s what investors need to know.

Investors seem increasingly spooked by Mythos, a forthcoming Anthropic model that the company has said is so powerful it could penetrate existing cyber defenses if it’s misused by bad actors.

2026-04-10 15:20 UTC

MarketWatch

Nowhere to hide: Tech selloff hits software and chip stocks alike

The software and semiconductor sectors haven’t been trading in tandem much this year, but they collectively fell Friday as AI and interest-rate fears hit the market.

2026-10-16 21:59 UTC