Tech stocks today: Chip stocks resume sell-off, Mistral AI raises $830 million

March 30, 2026 - 23:55

Technology stocks experienced a mixed trading session today, marked by a sharp divergence between semiconductor companies and the red-hot artificial intelligence sector. Chip stocks resumed their recent sell-off, extending losses as investors continued to assess the sustainability of the industry's explosive growth over the past year. Major players in the semiconductor space saw notable declines, reflecting broader market concerns over cyclical demand and inventory adjustments.

In stark contrast, the fervor around artificial intelligence showed no signs of abating. European AI challenger Mistral AI announced a monumental $830 million funding round, dramatically increasing its valuation. The massive investment underscores the intense investor appetite for companies positioned to compete in the generative AI landscape, a field currently dominated by a handful of U.S. giants. This significant capital infusion is expected to accelerate Mistral's research and development efforts, particularly in large language models.

The day's movements highlight a market increasingly discerning within the tech sector, rewarding specific AI-driven narratives while applying scrutiny to other segments. The "Magnificent Seven" megacap stocks, many of which are key beneficiaries of the AI boom, remained a central focus for traders balancing optimism for future innovation against near-term valuation concerns. The divergence suggests investors are carefully picking winners as the technology revolution continues to evolve.