Tech Stocks Retreat as NASDAQ 100 Slides 1%; MicroStrategy Expands Bitcoin Trove

Key TakeawaysNASDAQ 100 extends decline to 1% as investors weigh the sustainability of massive AI infrastructure spending among "Magnificent Seven" tech giants.MicroStrategy (MSTR) acquires an additional $168.4 million in Bitcoin, bringing its total corporate treasury to 717,131 BTC at an aggregate cost of $54.52 billion.US Housing Market Index misses estimates, falling to 36 in February against an expected 38, signaling a second consecutive month of declining builder confidence due to affordability hurdles ...