The article discusses the recent selloff in tech stocks, particularly those listed on the Nasdaq. It highlights the disappointing second-quarter earnings reports from tech giants Tesla and Alphabet (Google’s parent company), which contributed to the market’s decline. Tesla reported lower-than-expected earnings due to production challenges and rising costs, while Alphabet’s revenue growth slowed amid a broader advertising slump. The article also mentions the Federal Reserve’s ongoing interest rate hikes aimed at curbing inflation, which has weighed on the stock market. It emphasizes the impact of these factors on the tech sector, which has been a driving force behind the broader market’s performance in recent years. The article suggests that investors are closely watching for signs of a potential economic slowdown or recession, which could further impact the tech industry and the overall stock market.