AI Stocks in Freefall: Nasdaq Buckles – Dax Holds Its Ground

TVS News AI, editorially supervised, presents AI Stocks in Freefall: Nasdaq Buckles – Dax Holds Its Ground.

When AI stocks fall, the Nasdaq falls with them — and that's exactly what just happened. The US tech index slid sharply after a heavy selloff in tech and AI names. If you hold a few tech shares in your portfolio or are invested in a Nasdaq ETF, you're feeling it in your account right now.

The picture looks different in Frankfurt: Germany's flagship Dax index is showing itself relatively stable according to Manager Magazin — even though two Dax heavyweights are under pressure.

Who's hit hardest in the Dax?

Within the Dax, the selloff is hitting Infineon and Siemens Energy particularly hard, according to Manager Magazin. Both names stand in for the round's losers — even though the overall index is catching itself.

Infineon, as a semiconductor supplier, is closely tied to the AI theme; Siemens Energy supplies components needed for power grids and therefore indirectly for the energy behind every data center. When investors dump AI stocks, suppliers like these quickly come into the crosshairs.

How badly did the Nasdaq actually buckle?

The magazine speaks of a clear plunge in the Nasdaq — the source does not provide a percentage for the specific daily loss. What is known is that other markets were pulled down sharply: South Korea's flagship index Kospi plunged more than 8 percent according to the URL reference in the report, and the US cloud specialist CoreWeave lost 15 percent by the same source.

Those are two very sharp swings. The Kospi is essentially a semiconductor index — and anyone holding Samsung, SK Hynix, or LG Energy Solution is staring at a red balance sheet right now. CoreWeave, meanwhile, sits squarely in the AI infrastructure bet: when Nvidia and other AI beneficiaries falter, the "pickup players" usually fall especially hard.

Why the Dax stays calm

Germany's flagship index is caught in a tug-of-war that this time tips upward: the largest Dax companies are classic industrial and consumer names — from automakers to chemicals to insurers. As long as the broader economic picture doesn't tip, AI noise hits the Dax less hard than a pure tech index.

That's exactly why its stability is not a sign of all-clear, but rather a mix of sector structure and weighting. The AI losers among Dax names — Infineon and Siemens Energy — make up only part of the index logic.

What this means for you

If you hold a broadly diversified Dax ETF, your day is probably slightly red after this news, not deep red. If, on the other hand, you hold a Nasdaq ETF, individual AI stocks, or CoreWeave directly, you're looking at a hard day. How long the slide lasts — whether it's a one-off rout, the start of a correction, or just a hiss in a loud rally — cannot be inferred from the source.

What makes sense is what always makes sense in such phases: don't panic-sell if the plan was long-term, and check very carefully whether your portfolio mix matches your own risk profile — especially with individual AI-related names.