Saturday, February 14, 2026 at 4:00 AM
A group of state-linked funds has stepped in and unloaded holdings to cool things down when investors get too rosy.
Wealth-manager stocks tumbled as weak retail sales weighed on indexes.
Investors have punished big-spending tech giants and software companies while betting on memory chips.
The development follows pressure from Chinese leader Xi Jinping and concerns that the sale would derail President Trump’s coming visit to Beijing.
Investors are pulling out of companies they think could be hurt by artificial intelligence. ‘It’s shoot first, ask questions later.’
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