Tech Firms Face Stock Decline Amid AI Momentum Cooling

AI Summary

European stocks are set to open lower as a result of weakened momentum in AI-related sectors. Reports indicate a significant decline in KOSPI, which fell 10%. Additionally, Dow, S&P 500, and Nasdaq are expected to slide deeper into the red as tech vulnerabilities become evident. The Federal Reserve's potential rate hikes are contributing to this market uncertainty, impacting trading volumes and investor sentiment overall.