AI Stocks Sell Off as 10-Year Treasury Breaks Below 5%
US hyperscalers led a broad tech selloff with Amazon –4%, Oracle –2.4%, Alphabet –2.3%, while the 10-year Treasury yield dipped below 5% for the first time since late September, with Goldman framing AI weakness as paradoxically bullish for bonds.
What we know
An account on X reported sharp declines across US hyperscalers: Amazon –4%, Oracle –2.4%, Alphabet –2.3%, Microsoft –1.5%. Simultaneously, another account on X flagged the 10Y Treasury yield falling to 4.996%, ~30bps below its Oct 5 peak of 5.31%. Another account on X published Goldman's framing of 'reflexivity': AI selling reprices the capex cycle, reduces prospective bond issuance pressure, and becomes a growth shock — bonds rally as AI equities fall. Another account on X pushed back, asking whether markets are irrationally panic-selling AI buildout over Middle East tension when oil is only up <1%. Another account on X noted Hong Kong tech had its worst day since Liberation Day before the Nasdaq followed, with Lam Research dumped post-earnings and Tesla cutting $5B in 2026 capex as triggers.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.