Tech stocks lead steep global sell-off as investors lose faith in AI chip trade

Good morning. On Fortune’s radar today:

• Markets: Big global selloff as traders bail out of tech stocks.
• Hyperscaler pullback could tip economy into recession, Apollo analyst warns.
• Airbnb CEO Brian Chesky targeted in AI slop hack.
• The U.S. is now bombing civilian infrastructure in Iran.
• Government debt is bigger today than it was in the GFC.
• Congress might be about to abolish daylight savings time.

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This story was originally featured on Fortune.com