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[Global Times Special Correspondent Wang Pinzhi] The website of Fortune magazine reported on the 18th that Warren Buffett, the "stock god", revealed earlier this month that he had sold half of his Apple shares. This move has aroused great concern in the market. Some people believe that this not only shows thatappleThe peak of a company's stock price also reflects the overall bubble risk of US technology stocks. In the past month, technology stocks in the US Nasdaq 100 Index have experienced a sharp drop. Some analysts believe that the sharp fluctuations in US technology stocks are caused by a series of factors. On the one hand, it stems from investors' concerns that the US economy may fall into recession, and concerns that the concept of artificial intelligence is difficult to realize and its commercial potential may be seriously overestimated. On the other hand, it is also related to the poor performance of recent US employment data.

The U.S. "Investment Encyclopedia" website reported on the 16th that before the "sale wave" of U.S. technology stocks, especially the leading technology companies, was encountered at the beginning of this month, some major Wall Street investment institutions, including several large hedge funds, had already sold off the stocks of technology giants. The report also said that Silicon Valley giants such as Google's parent company Alphabet and Meta have recently invested huge amounts of money in the field of artificial intelligence, but investors need to see the return prospects of the company's investment. In addition, in the second quarter of this year, many hedge funds also sold off the shares of U.S. chip giants.Intelstocks, recent financial report data shows that Intel has fallen into a profit dilemma.

Intel headquarters in Santa Clara, California, USA. (Visual China)

It is worth noting that it is not only the top technology companies in the US stock market that are under pressure, but also a large number of technology start-ups are facing survival difficulties. The Financial Times reported on the 19th that the failure rate of US start-ups has jumped 60% in the past year because the founders of these companies have exhausted the funds raised during the "tech boom" from 2021 to 2022. This trend has threatened theVenture CapitalThe impact of the pandemic is huge, supporting millions of jobs and has the potential to ripple through to the wider economy.

The Financial Times cited a report from Carta, a company that provides business data services to private companies, saying that in the first quarter of this year, a total of 254 of its venture capital clients went bankrupt, a bankruptcy rate more than seven times higher than the same period in 2019. The report also analyzed that the recent experience of US technology startups is the aftermath of the consequences of the Federal Reserve's 2022 interest rate hike.Silicon Valley BankAfter the collapse, venture capital available to U.S. startups dropped significantly, leaving many companies in trouble.