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$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 digested stronger-than-expected US jobs data.
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cnbc.com
Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
Asian technology shares fell, tracking losses in U.S. semiconductor stocks after disappointing earnings Broadcom sparked a rotation out of AI-linked names.
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straitstimes.com
Asia tech stocks slide as cracks emerge in AI rally
The sell-off was biggest in South Korea, where the Kospi index sank as much as 7 per cent. Read more at straitstimes.com. Read more at straitstimes.com.
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france24.com
Asian stocks take another hit from AI, Mideast worries
Asian equities went into reverse Friday on continued worries about the AI trade after disappointing forecasts from chip titan Broadcom, while investors were also keeping a wary…
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independent.co.uk
Asian shares drop, with South Korea's Kospi down more than 5%
Shares have fallen in Asia, with South Korea's benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures…
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morningstar.com
North American Morning Briefing: Nasdaq Futures Drop as AI Rally Halts Ahead of Jobs Report
The selloff in shares of companies tied to AI looked poised to continue, with a swath of companies declining premarket, though Dow futures were up.
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edition.cnn.com
Nasdaq sinks 4% and has worst day in a year on AI weakness, rising odds for Fed rate hike | CNN Business
Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI…
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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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dawn.com
Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
All three major US stock indexes closed sharply lower, with plunging chip stocks dragging the tech-laden Nasdaq down by its largest one-day percentage loss since last year.
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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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Markets have worst day since October as tech stocks lead the way down, traders lose hope of rate cut | Fortune
Nvidia fell 6.2%, Broadcom dropped 7.9% and Micron Technology slid 13.3% for the biggest loss among stocks in the S&P 500.
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thehindubusinessline.com
Wall Street rally ends as Nasdaq tumbles and chip stocks erase $1 trillion in value
Wall Street's nine-week winning streak ended as tech and chip stocks plunged after strong US jobs data reduced hopes for near-term Fed rate cuts.
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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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economictimes.indiatimes.com
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…