A decline in big technology companies has affected the US market, with the Nasdaq composite experiencing a significant drop. 2%. This downturn is reportedly linked to a sell-off that originated in Asia and spread to the US.

The cause of the decline appears to be related to the potential for interest rate hikes later this year. This has had a particular impact on stocks related to AI, which had previously seen a significant increase in value. Further details on this market trend are available from the source, providing more insight into the current state of the market and its potential future developments.