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.

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…

"The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot."

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.

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…

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…

US semiconductor stocks lost $1.3 trillion in value as Broadcom's weak AI guidance and hot jobs data triggered a massive selloff, dragging crypto down $130

US chipmakers lost $1.3 trillion in market value on June 5 as the semiconductor index posted its worst day since March 2020, dragging crypto markets down

US chipmakers lost $1.3 trillion in market value as the PHLX Semiconductor Index fell 10.3%, dragging crypto markets down $130 billion alongside the