WSJ Tech News Briefing TNB Tech Minute: Tech Stocks See Broad Selloff
18 snips
Sep 23, 2025 Tech stocks are in turmoil, with major players like NVIDIA and Amazon experiencing significant drops. Meanwhile, Amazon is shutting down 14 Fresh stores in the U.K. while enhancing same-day delivery services. Startups are scrambling to adjust their hiring strategies due to a new $100,000 fee for H-1B visas, considering remote work and international talent instead. The tech landscape is shifting, and these developments are set to reshape the industry.
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Broad Tech Sell-Off After Big AI Bet
- Tech stocks broadly sold off with NVIDIA and Amazon leading declines, signaling investor caution.
- The move followed NVIDIA's plan to invest up to $100 billion in OpenAI and data centers, raising demand concerns.
Circular-Economy Concern Around NVIDIA
- Investors worried the NVIDIA-OpenAI funding could create a circular economy benefiting NVIDIA more than end demand.
- The concern centers on whether investments drive real chip demand or just internal purchasing loops.
Amazon Scales Back Fresh In U.K.
- Amazon will close 14 Amazon Fresh stores in the U.K. and convert five others into Whole Foods.
- It opened the cashierless Fresh stores there four years ago and will expand same-day perishable delivery.