U.S. stocks fell sharply on Tuesday as the selloff in major technology names accelerated and bitcoin briefly dropped under $90,000.

The Dow Jones Industrial Average fell 584 points, or 1.3%, while the S&P 500 lost 1.1% and headed toward a fourth straight losing session.

The Nasdaq Composite dropped 1.7%, extending a tech-led decline that has pressured markets through November.

Nvidia slipped 2% and is down 10% so far this month, with investors bracing for its quarterly results due Wednesday.

Amazon and Microsoft also retreated, even after AI start-up Anthropic unveiled a $30 billion spending plan with Microsoft and confirmed fresh investments from both Microsoft and Nvidia.

The deal failed to spark the usual AI-driven rally.

Alphabet CEO Sundar Pichai added to caution, telling the BB

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