By Christine Ji and Hannah Pedone
Major semiconductor names have been falling hard as investors take profits following a blockbuster second quarter
Tech stocks across the board have fallen in recent weeks, with many falling into bear-market territory.
After lifting the market for the past few months, artificial-intelligence names are now dragging the technology sector down. Is it a temporary correction or a sign of a wider reset?
A whopping 69% of stocks in the S&P 500 information-technology sector are currently down over 20% from their 52-week intraday highs, which market analyst Mike Zaccardi flagged in an X post and Dow Jones Market Data confirmed. They could be considered in a bear market by some definitions.
