Wall Street fell as chip stocks slid, Fed signals stayed hawkish, bitcoin weakened and Iran talks advanced.

Key U.S. tech stocks slumped in premarket trading after a massive selloff in AI and tech stocks in Asia.

US chipmakers lost $1.3 trillion in market value as the PHLX Semiconductor Index dropped 10.3%, its worst day since March 2020, dragging global markets

Wall Street futures plunged Tuesday, led by tech and chip stocks, as investors braced for potential U.S. interest rate hikes and fretted over soaring AI-related spending financed…