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US Stocks: Micron, Intel and other chip stocks fall up to 11% after record-breaking rally
Chip stocks experienced a significant downturn, with major AI rally leaders seeing sharp profit-taking after a record quarter. The VanEck Semiconductor ETF plunged over 5%, led by Micron, Intel, and AMD. Concerns over potential AI computing oversupply, fueled by Meta's plans, prompted investors to re-evaluate lofty valuations. Despite the sell-off, some remain optimistic about AI-focused tech giants.
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axios.com
Why AI and semiconductor stocks stumbled
If chip stocks continue to retreat, it could mean trouble for markets more broadly.
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economictimes.indiatimes.com
US Stocks: Micron, Intel and other chip stocks fall up to 11% after record-breaking rally
Chip stocks experienced a significant downturn, with major AI rally leaders seeing sharp profit-taking after a record quarter. The VanEck Semiconductor ETF plunged over 5%, led…
