The week is off to a bad start for tech stocks-specifically, ones tied to the AI trade.
Here are some of the biggest laggards on the Nasdaq today and roughly how much they are sliding:
Sandisk, 10%
Seagate Technology, 8%
Lumentum, 8%
Micron, 8%
Western Digital, 8%
Nebius, 7%
Teradyne, 6%
Astera Labs, 5.5%
Marvell Technology, 5%
Intel, 5%