Could Donald Trump ruin the AI revolution? | The Business

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The Magnificent Seven tech stocks took a big hit after the tech-heavy Nasdaq fell 4 per cent in its worst day since 2022.
The tech market has been rallying for some time leading to concerns about over-evaluations but is now in a correction.
Global head of technology research and managing director of Wedbush Securities, Dan Ives says the Trump administration has changed all the rules creating enough uncertainty for investors to start to wave the white flag and rush for the exit. He says this is a "gut check moment for the tech bulls," when the fears of a trade war and a recession have created chaos.
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