A major tech selloff is shaking up Wall Street as the enormous gulf between AI company valuations and their lagging revenues continues to grow.

As the Wall Street Journal reports, the stock market has been showing marked signs of “fragility,” with Nvidia slipping seven percent last week. Despite signs of an end to the ongoing federal shutdown buoying up some excitement, the AI chipmaker continued its plunge this week, sliding another three percent on Tuesday.

Meta shares have also fallen almost 17 percent since its quarterly earnings report late last month, despite the company beating investors’ expectations. AI software giant Palantir has suffered a similar fate, dropping eight percent since posting better-than-expected numbers early last week.

In short, there’s clearly a dark cloud ga

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