Technology shares are heading in the south, where investors believe that growth in artificial intelligence is not without limits

Nasdaq 100 locks down for the month of August (-0.16 %) although the broader S&P 500 increased by 3.56 %.

Technical stocks have been strengthened throughout the month by discussing Whether artificial intelligence is in a bubble. and A study conducted by the Massachusetts Institute of Technology suggested 95 % of companies have not yet seen a return on their investments in artificial intelligence.

Jim Reed and his team are analysts in German bank This morning, NVIDIA (-3.32 % on Friday) was a major driver of this softness, as it lost the land after Marvel Technology’s expectations raised doubts about the demand for data center equipment, and while Alibaba in China revealed a new data segment, in part of the cap of AI.

Marvel Technology is located in Santa Clara, California, and it creates semiconductor chips. She has Partnership with Nvidia. At summoning the Q2 2026 financial profits on August 28, CEO Mot Murphy said: “We expect the revenues of the total data center will be in the third quarter flat.” Apartment is not rising, and this sent Marvell shares to a decrease of 19 % the next day. (In May, Marvell The offers of the investor day were canceledQuoted from total economic uncertainty.)

This disappointment came after calling Nafidia’s profits the previous day. The company reported the growth of revenues in the strong data center, but it was however it was Below is the expectations of analysts.

Then there is Super Micro Computer Inc. , Another chips maker is supported by the mutation of artificial intelligence. In early August, her revenue forecast for this year reduced 33 billion dollars. In February, he was estimated at $ 40 billion. Moreover, on August 28, the company He said in its annual report“We have identified material weaknesses in our internal control over financial reports, which, if not treated, can negatively affect our ability to report our financial state and the results of operations in a timely and accurate operations.” His share decreased by 5.5 % after that and 27 % decreased for this month.

Implementation of artificial intelligence shares can have consequences for the broader market. The “wonderful” technology companies (7 “(appleand Amazonand alphabetand Deadand MicrosoftNvidia, and Tesla), which put all the big bets on artificial intelligence, is Currently it is worth 34 % of the maximum of the entire market From S & P 500.

Here is a snapshot of markets worldwide this morning:

• S & P 500 futures contracts 0.1 % rose this morning. American markets are closed to labor day.
• Stoxx Europe 600 It increased by 0.19 % in early trading.
• FTSE 100 in the United Kingdom 0.08 % increased in early trading.
• Japan Nikki 225 1.24 % decreased.
• China CSI 300 It was 0.6 %.
• South Korea Cuban 1.35 % decreased.
• Elegant India 50 It increased by 0.81 % before the end of the session.
• Bitcoin He decreased to 109.3 thousand dollars.