Tech stocks today: Big Tech stocks sell off, Anthropic considers IPO as soon as Q4

Tech stocks continued to be pressured on Friday after a sell-off in social media stocks and chip stocks sent the tech-heavy Nasdaq Composite (^IXIC) index into a correction. On Wednesday, a Los Angeles jury found Alphabet’s (GOOG, GOOGL) YouTube and Meta (META) liable for harm done to a young user. The jurors ordered the companies to pay the lead plaintiff $3 million in compensatory damages in the first-of-its-kind case. Meanwhile, investors continue to evaluate Nvidia’s AI offerings after the company u ...