Big Tech Stocks Struggle as AI Premium Faces Scrutiny
Big Tech stocks experienced a mixed performance on Thursday as worries about the sustainability of the AI premium began to surface. The long-anticipated Ethereum spot ETFs, including Grayscale’s Ethereum Trust ETF, failed to generate the expected market excitement. This disappointment was highlighted by a significant $133 million net outflow from ETH spot ETFs, with Grayscale’s ETF suffering a notable $327 million outflow. The market’s cautious response raises questions about the future of both Big Tech valuations and Ethereum-based investment products.