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Fortune
Fortune
Jim Edwards

Tech stocks lead steep global selloff as investors lose faith in AI chip trade

Chesky (Credit: Myunggu Han/Getty Images for Airbnb)

Good morning. On Fortune’s radar today:

  • Markets: Big global selloff as traders bail out of tech stocks.
  • Hyperscaler pullback could tip economy into recession, Apollo analyst warns.
  • Airbnb CEO Brian Chesky targeted in AI slop hack .
  • The U.S. is now bombing civilian infrastructure in Iran.
  • Government debt is bigger today than it was in the GFC.
  • Congress might be about to abolish daylight savings time .

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