Tech stocks tumbled on Monday morning after leaders at some of the biggest artificial intelligence companies called on the industry to slow down production of the advanced technology over the weekend.

Despite heightened volatility analysts remain optimistic over the outlook of the tech sector, with J.P. Morgan saying the tech sell-off had not derailed the AI investment cycle.

The S&P 500 was struggling on Friday afternoon, dragged down by sharp declines in a handful of Big Tech stocks. Tesla’s shares were slumping 6.5%, while shares of Apple, Microsoft and Google parent Alphabet were also down sharply.

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. After a comeback rally on Monday and in the early hours of Tuesday's session, stocks tumbled deep into the red again. A chipmaker-led rally turned sour by ...

Indexes: Dow up 0.35%, S&P down 0.1%, Nasdaq down 0.43% Airlines and travel stocks gain Micron earnings land after the close June 24 (Reuters) - The Nasdaq and S&P 500 closed lower on Wednesday, dragged by tech stocks on nagging concerns about high ...

Stocks mostly rose in early trading Wednesday ahead of the Federal Reserve’s crucial interest-rate decision as crude prices and Treasury yields slipped. The tech-heavy Nasdaq Composite and benchmark S&P 500 were up a respective 0.