local
AI stocks melt down again. What’s going on?
By CNN Newsource at KVIA ABC-7
· June 26, 2026
· 3 min read
By David Goldman, CNN
(CNN) — Tech stock traders can be an impatient bunch. But lately, they’ve grown seriously ticked off about the high price they’ve paid to get into the AI game without the profit boost they were expecting.
The Nasdaq, a barometer for the tech industry, was set to sink ano...
Key takeaway The Nasdaq, a barometer for the tech industry, was set to sink another 1.
Why this matters in The El Paso
The turmoil in AI stocks has significant implications for El Paso 's growing tech industry. As companies like Microsoft and Meta struggle with the high costs of developing AI technology, local businesses that rely on these giants for partnerships and investments may feel the ripple effects. The surge in demand for high-powered chips is also relevant to El Paso, given the city's efforts to establish itself as a hub for data centers and technology manufacturing. The fact that chipmakers like Micron are thriving while tech companies are struggling suggests that El Paso's focus on developing its semiconductor industry could be a savvy move. However, the city's economic development leaders will need to keep a close eye on the market dynamics and adjust their strategies accordingly to ensure that El Paso's tech sector remains competitive and attractive to investors. This could involve exploring ways to support local companies in navigating the challenges of AI development and finding opportunities in the booming demand for semiconductors.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 26, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 3 min
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What is this story about? By David Goldman, CNN
(CNN) — Tech stock traders can be an impatient bunch. But lately, they’ve grown seriously ticked off about the high price they’ve paid to get into the AI game without the profit boost they were expecting.
The Nasdaq, a barometer for the tech industry, was set to sink ano...
When was this published? This article was first published on June 26, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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