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Nvidia shares sink up to 8% as tech sell-off reignites

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Nvidia shares sink up to 8% as tech sell-off reignites

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Nvidia shares sank by as much as 8 per cent on Tuesday as a heavy sell-off in chipmaking stocks reignited ahead of a number of closely watched earnings reports from Big Tech companies this week.

The Silicon Valley chipmaker, which is the dominant provider of the powerful processors needed for building artificial intelligence systems, has fallen more than 20 per cent, cutting its market capitalisation by almost $750bn, since it briefly became the world’s most valuable publicly traded company last month.

Other chip stocks followed. Arm, the semiconductor designer that has also been a big beneficiary of investors’ enthusiasm for AI-related stocks this year, was down about 7 per cent in late-afternoon trading in New York.

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Both companies are still more than double their value this time last year, driven by a wave of capital spending by the likes of Microsoft, Google, Amazon and Meta to build out the technical underpinnings of AI.

Ahead of Microsoft’s earnings report after Tuesday’s market close, traders were fretting that profit expectations for companies involved in AI are too high and that capital spending is running far ahead of returns.

“We’ve seen money flow out of Big Tech, mostly I think because they have had an incredible run-up, and that of course gave room for a little bit of a sell-off,” Daniel Newman, chief executive of The Futurum Group, told the Financial Times. “Sector rotation, continued economic uncertainty, elections, geopolitics, and concerns around China” had all contributed to Nvidia’s fall.

The tech-heavy Nasdaq Composite index was down 1.3 per cent while the benchmark S&P 500 was 0.6 per cent lower. Shares in chipmakers AMD and Intel — which report earnings this week — were also trading lower.

“There’s a lot of angst in the market ahead of reporting,” said Emmanuel Cau, head of European equity strategy at Barclays. Apple, Amazon and Meta will also be publishing their quarterly numbers later this week.

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He added that investors were also cautious ahead of a busy few days for central banks, with interest rate decisions by the Bank of Japan, Federal Reserve and Bank of England all due.

Investors have been selling tech companies in recent weeks, pushing the Nasdaq down about 9 per cent from its peak in mid-July. The index suffered its worst day since 2022 last week after results from Alphabet and Tesla sparked investor worries about the size and timing of likely returns from the so-called Magnificent Seven tech companies’ vast investments in AI.

AI-related stocks have driven the stock market rally this year. Despite recent pullbacks, the Nasdaq and the broader S&P 500 are still ahead by roughly 14 per cent.

“Market participants used this morning’s equity gains to unload stocks in the afternoon ahead of pivotal announcements from the Fed and Bank of Japan tomorrow — and four of the Mag Seven reporting this week,” said José Torres, senior economist at Interactive Brokers.

“Bullish players will be aiming for a bright picture on the future of AI in Mag Seven earnings calls.”

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Rep. Ilhan Omar rushed by man on stage and sprayed with liquid at town hall event

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Rep. Ilhan Omar rushed by man on stage and sprayed with liquid at town hall event

A man is tackled after spraying an unknown substance at US Representative Ilhan Omar (D-MN) (L) during a town hall she was hosting in Minneapolis, Minnesota, on January 27, 2026. (Photo by Octavio JONES / AFP via Getty Images)

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Rep. Ilhan Omar, D-Minn., was rushed by a man during a town hall event Tuesday night and sprayed with a liquid via a syringe.

Footage from the event shows a man approaching Omar at her lectern as she is delivering remarks and spraying an unknown substance in her direction, before swiftly being tackled by security. Omar called on Homeland Security Secretary Kristi Noem to resign or face impeachment immediately before the assault.

Noem has faced criticism from lawmakers on both sides of the aisle in the aftermath of the fatal shooting of 37-year-old intensive care nurse Alex Pretti by federal officers in Minneapolis Saturday.

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Omar’s staff can be heard urging her to step away and get “checked out,” with others nearby saying the substance smelled bad.

“We will continue,” Omar responded. “These f******* a**holes are not going to get away with it.”

A statement from Omar’s office released after the event said the individual who approached and sprayed the congresswoman is now in custody.

“The Congresswoman is okay,” the statement read. “She continued with her town hall because she doesn’t let bullies win.”

A syringe lays on the ground after a man, left, approached Representative Ilhan Omar, a Democrat from Minnesota, during a town hall event in Minneapolis, Minnesota, US, on Tuesday, Jan. 27, 2026. The man was apprehended after spraying unknown substance according the to Associated Press. Photographer: Angelina Katsanis/Bloomberg via Getty Images

A syringe lays on the ground after a man, left, approached Representative Ilhan Omar, a Democrat from Minnesota, during a town hall event in Minneapolis, Minnesota, US, on Tuesday, Jan. 27, 2026. The man was apprehended after spraying an unknown substance according to the Associated Press. Photographer: Angelina Katsanis/Bloomberg via Getty Images

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Omar followed up with a statement on social media saying she will not be intimidated.

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As Omar continued her remarks at the town hall, she said: “We are Minnesota strong and we will stay resilient in the face of whatever they might throw at us.”

Just three days ago, fellow Democrat Rep. Maxwell Frost of Florida said he was assaulted at the Sundance Festival by a man “who told me that Trump was going to deport me before he punched me in the face.”

Threats against Congressional lawmakers have been rising. Last year, there was an increase in security funding in the wake of growing concerns about political violence in the country.

According to the U.S. Capitol Police, the number of threat assessment cases has increased for the third year in a row. In 2025, the USCP investigated 14,938 “concerning statements, behaviors, and communications” directed towards congressional lawmakers, their families and staff. That figure represents a nearly 58% increase from 2024.

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Video: F.A.A. Ignored Safety Concerns Prior to Collision Over Potomac, N.T.S.B. Says

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Video: F.A.A. Ignored Safety Concerns Prior to Collision Over Potomac, N.T.S.B. Says

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F.A.A. Ignored Safety Concerns Prior to Collision Over Potomac, N.T.S.B. Says

The National Transportation Safety Board said that a “multitude of errors” led to the collision between a military helicopter and a commercial jet, killing 67 people last January.

“I imagine there will be some difficult moments today for all of us as we try to provide answers to how a multitude of errors led to this tragedy.” “We have an entire tower who took it upon themselves to try to raise concerns over and over and over and over again, only to get squashed by management and everybody above them within F.A.A. Were they set up for failure?” “They were not adequately prepared to do the jobs they were assigned to do.”

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The National Transportation Safety Board said that a “multitude of errors” led to the collision between a military helicopter and a commercial jet, killing 67 people last January.

By Meg Felling

January 27, 2026

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Families of killed men file first U.S. federal lawsuit over drug boat strikes

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Families of killed men file first U.S. federal lawsuit over drug boat strikes

President Trump speaks as U.S. Secretary of Defense Pete Hegseth looks on during a meeting of his Cabinet at the White House in December 2025.

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Relatives of two Trinidadian men killed in an airstrike last October are suing the U.S. government for wrongful death and for carrying out extrajudicial killings.

The case, filed in Massachusetts, is the first lawsuit over the strikes to land in a U.S. federal court since the Trump administration launched a campaign to target vessels off the coast of Venezuela. The American government has carried out three dozen such strikes since September, killing more than 100 people.

Among them are Chad Joseph, 26, and Rishi Samaroo, 41, who relatives say died in what President Trump described as “a lethal kinetic strike” on Oct. 14, 2025. The president posted a short video that day on social media that shows a missile targeting a ship, which erupts in flame.

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“This is killing for sport, it’s killing for theater and it’s utterly lawless,” said Baher Azmy, legal director of the Center for Constitutional Rights. “We need a court of law to rein in this administration and provide some accountability to the families.”

The White House and Pentagon justify the strikes as part of a broader push to stop the flow of illegal drugs into the U.S. The Pentagon declined to comment on the lawsuit, saying it doesn’t comment on ongoing litigation.

But the new lawsuit described Joseph and Samaroo as fishermen doing farm work in Venezuela, with no ties to the drug trade. Court papers said they were headed home to family members when the strike occurred and now are presumed dead.

Neither man “presented a concrete, specific, and imminent threat of death or serious physical injury to the United States or anyone at all, and means other than lethal force could have reasonably been employed to neutralize any lesser threat,” according to the lawsuit.

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Lenore Burnley, the mother of Chad Joseph, and Sallycar Korasingh, the sister of Rishi Samaroo, are the plaintiffs in the case.

Their court papers allege violations of the Death on the High Seas Act, a 1920 law that makes the U.S. government liable if its agents engage in negligence that results in wrongful death more than 3 miles off American shores. A second claim alleges violations of the Alien Tort Statute, which allows foreign citizens to sue over human rights violations such as deaths that occurred outside an armed conflict, with no judicial process.

The American Civil Liberties Union, the Center for Constitutional Rights, and Jonathan Hafetz at Seton Hall University School of Law are representing the plaintiffs.

“In seeking justice for the senseless killing of their loved ones, our clients are bravely demanding accountability for their devastating losses and standing up against the administration’s assault on the rule of law,” said Brett Max Kaufman, senior counsel at the ACLU.

U.S. lawmakers have raised questions about the legal basis for the strikes for months but the administration has persisted.

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—NPR’s Quil Lawrence contributed to this report.

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