Wall Street experienced a significant downturn as fears surrounding AI cash burn and disappointing earnings prompted a tech selloff. The selloff deepened this week, with major players like Alphabet, Meta, and Intel contributing to nearly $900 billion in losses. Investors are questioning the sustainability of the massive spending on AI, which has sparked a wider market panic and weighed heavily on risk sentiment globally. Meanwhile, Asian stocks also fell sharply as concerns about AI investments exacerbated market uncertainties. In contrast, bonds rallied as a safe haven in response to the tumultuous market conditions. The current sentiment reflects growing skepticism about the profitability of AI investments, raising alarm bells for the tech sector amidst fears of a deeper correction.