Tech shares lower as Trump rejects talk of AI bubble

Core Viewpoint - Tech stocks experienced significant pressure, leading to declines in major indices, particularly the Nasdaq Composite Index, despite positive comments from President Trump regarding AI [1] Group 1: Market Performance - Shares of major tech companies such as Amazon, Alphabet, and Nvidia saw declines, contributing to the overall downturn in equity markets [1] - The Nasdaq Composite Index was notably affected by the downturn in tech stocks [1] Group 2: Market Sentiment - Recent market activity indicates that equity markets have encountered resistance after reaching record highs, raising concerns about potential overvaluation [1]