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The AI Selloff Is Back as Korean IPO Shock Spooks Tech Stocks
Tech stocks are facing renewed pressure as investor concerns around AI spending and rising debt levels resurface. The recent IPO of a data center has triggered fears within the tech sector, prompting a risk-off sentiment that tends to benefit traditional safe havens like the USD and JPY. This environment suggests cautious positioning among investors is warranted, as broader equity corrections can disrupt carry trades. Monitoring these trends is crucial as they could yield more pronounced implications across currencies.