The BrainChip Holdings Ltd (ASX: BRN) share price has continued its slide on Tuesday.
In morning trade, the artificial intelligence technology company's shares were down as much as 12.5% to 76.5 cents.
When the BrainChip share price hit that level, it meant it was down 31% since this time last month.
Its shares have since recovered a touch but remain down 6% at 82 cents at the time of writing.
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Why is the BrainChip share price sinking?
Investors have been selling BrainChip shares today following a broad market selloff that has been felt hardest in the tech sector.
This has been particularly the case among loss-making tech shares such as BrainChip and Zip Co Ltd (ASX: ZIP). The latter is down a massive 20% this afternoon.
Remarkably, despite its recent weakness, the tech selloff in 2022, and its distinct lack of revenue, the BrainChip share price is still trading modestly higher in 2022.
As a comparison, the S&P ASX All Technology index is down 40% since the turn of the year.
Though, whether or not the company's shares are able to hold onto these gains amid the sustained market weakness and its continued cash burn, only time will tell.
