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Chip slump erases $1.3 trillion in stock market value - The Economic Times
The PHLX's combined loss of 12% over two sessions shows investors are becoming more concerned about pricey, high-flying tech stocks just as Elon Musk prepares a blockbuster initial public offering next week for SpaceX at an exceedingly high $1.75 trillion valuation.
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zerohedge.com
Futures Slide After Broadcom Forecast Miss Chills Tech Euphoria
“Valuations are looking slightly frothy in pockets of the market which have seen the strongest gains over recent weeks,”
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economictimes.indiatimes.com
US stocks today: Nasdaq nosedives as Broadcom revenue miss dents chip stocks
The S&P 500 and the Nasdaq dropped at the open on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally…
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US Stocks: Broadcom set to shed $300 billion in value as AI results fail to impress; shares fall 14%
The losses, if sustained, will erase more than $315 billion from the company's market value of about $2.268 trillion, in one of the biggest one-day wipeouts ever.
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channelnewsasia.com
Chip selloff erases over $1 trillion in stock market value
June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced…
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irishtimes.com
Big fall in US tech shares as AI stock are hit
Fears of an interest rate increase has unsettled investors
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fortune.com
Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out | Fortune
"The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot."
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thehindubusinessline.com
AI chip stocks lose $1.3 trillion as Nvidia, AMD and Micron lead semiconductor selloff
AI chip stocks lost $1.3 trillion in value as Nvidia, AMD and Micron plunged amid Broadcom concerns and fading hopes of US rate cuts.
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Chip slump erases $1.3 trillion in stock market value - The Economic Times
The PHLX's combined loss of 12% over two sessions shows investors are becoming more concerned about pricey, high-flying tech stocks just as Elon Musk prepares a blockbuster…
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timesofindia.indiatimes.com
$1.3 trillion wiped off Wall Street as AI rally slows; Nvidia slips 6%, Micron falls 13%
US tech stocks came under heavy pressure on Friday, with semiconductor giants leading the decline as investors grew cautious about artificial intelligence-fuelled valuations and…