Canadian Tech Stocks Face Worst Quarter Amid AI Fears

Canadian technology stocks are experiencing their most significant quarterly decline in almost four years. This downturn is largely attributed to growing concerns surrounding artificial intelligence and its potential to disrupt the software industry. Additionally, the ongoing conflict in the Middle East has diverted investment capital towards energy sector assets, further exacerbating the pressure on tech valuations. Investors are reassessing their portfolios, leading to a broad sell-off across the Canadian tech landscape.