US tech stocks collectively declined on Tuesday amid a cooling of AI hype, with particular attention on Nvidia’s earnings report. Investors reacted to the diminishing excitement surrounding artificial intelligence developments, leading to a downturn across the technology sector. Many tech companies, which previously saw stock surges due to AI innovations, faced pressure as market enthusiasm waned. Nvidia, a major player in the AI space, had its earnings report closely scrutinized, influencing market sentiment regarding tech stocks. Analysts noted that the overall trend indicates a recalibration from the previous AI-driven highs, prompting discussions about the sustainability of tech stock valuations.
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