Shares of companies that supply tools and services for the AI industry have fallen sharply amid a broader technology sell‑off. Investors are tightening their focus on core tech stocks, leaving many AI‑related firms on the sidelines. The decline reflects a shift in market sentiment toward more established technology names, with AI‑pick‑and‑shovel companies experiencing a notable drop in valuation.
Shares in AI ‘picks and shovels’ companies hit hard by tech sell-off
