Wall Street crash shaves off $2.7 trillion in one day: Is the AI boom showing cracks as mixed jobs data trigger tech selloff and market nervousness?

US markets witnessed a significant downturn, losing over $2.7 trillion as investor caution grew over soaring tech valuations and AI bubble fears. Despite Nvidia's strong earnings, mixed US employment data further unsettled markets, hinting at potential delays in Federal Reserve interest rate cuts. This volatility saw major indexes tumble, with the Nasdaq Composite leading the decline.