---
title: "Tech Down on Retreat from AI Bets — Tech Roundup"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296832286.md"
description: "Tech stocks declined as investors rotated out of AI positions. Alibaba shares dropped nearly 9% in Hong Kong following its $10.2 billion AI investment plan, while Nvidia fell ahead of upcoming earnings. Conversely, Zillow shares rose after the FTC settled antitrust claims with Redfin, allowing Redfin to re-enter rental listing advertising."
datetime: "2026-08-24T21:50:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296832286.md)
  - [en](https://longbridge.com/en/news/296832286.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296832286.md)
generator: "portal-rs"
---

# Tech Down on Retreat from AI Bets — Tech Roundup

Shares of technology companies fell as traders rotated out of artificial-intelligence bets.

Alibaba shares tumbled almost 9% in Hong Kong after it unveiled plans to invest roughly $10.2 billion in AI technology. 

Nvidia fell ahead of the chip maker's earnings later this week. 

Zillow shares rose after the Federal Trade Commission reached a settlement with the online realtor and rival Redfin, resolving an earlier claim that the companies had worked together to reduce competition in the marketplace. Redfin must re-enter the market for rental listing advertising to resolve antitrust allegations. 

Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

August 24, 2026 17:39 ET (21:39 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**