The $600B Tech Wipeout: 10 Stocks Under Pressure As Energy Prices Surge - Alphabet (NASDAQ:GOOGL), NVIDIA (NASDAQ:NVDA), Taiwan Semiconductor (NYSE:TSM)
Benzinga·2026-03-03 16:14

On of Wall Street's most crowded trades just hit a wall.On Tuesday morning, more than $600 billion in market value was erased from the world's largest technology and semiconductor companies as escalating conflict in Iran triggered an energy-price shock that rippled across global equities.What began as a surge in oil and natural gas prices quickly morphed into a broad risk-off unwind. And the market's most crowded trade — particularly high-flying chipmakers and hardware names on the back of AI demand — took ...