Apple Leads Tech Selloff as AI, Margin Fears Mount

SelfRugger · 2026-03-16T08:11:47+00:00

Apple led a significant drop in tech stocks, losing 5% as concerns about AI's impact on jobs and rising memory chip costs affected market sentiment. The Nasdaq fell over 2%, prompting a shift towards safe-haven assets. Investors await upcoming inflation data for direction.

SelfRugger

2026-03-16 08:11:47

Abstract generation in progress

Apple Leads Tech Selloff as AI, Margin Fears Mount

Faizan Farooque

Fri, February 13, 2026 at 8:22 PM GMT+9 1 min read

In this article:

AAPL

-5.00%

CSCO

-12.32%

^IXIC

-2.03%

GC=F

+0.14%

SI=F

+1.40%

This article first appeared on GuruFocus.

Apple (AAPL, Financials) led a fresh sell off in technology stocks, losing 5% of its worth and around $200 billion in market value in its worst day in months.The drop happened when the sector’s mood got worse when Cisco said that growing memory chip costs were hurting profitability. This made people worry about profit expectations in AI-related investment.Concerns about AI taking employment away from people made the market even more unstable. Microsoft’s AI director said that a lot of white-collar jobs may be automated, which made the discussion over the economic effects of fast AI adoption even more heated.The Nasdaq dropped more than 2%, but defensive assets went up. U.S. Treasuries drew in safe-haven flows, while gold and silver prices went up after going down recently.The markets are now paying attention to the next U.S. consumer price index data. If the inflation data is weaker, it might raise hopes for a rate drop in June. If it is greater, it could push rates higher and keep growth stocks under pressure.

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