Wall Street capped the week with an escalation of the sell-off in chipmaker stocks, sending markets to the precipice of bear territory.

AI chip stocks lost over $1 trillion in market value in July 2026 as custom silicon from OpenAI, Amazon, and Cerebras challenges Nvidia's GPU dominance.

(Bloomberg) -- A selloff in chipmakers weighed on stocks amid concerns over whether massive artificial-intelligence investments will justify lofty valuations while higher oil…

As July commenced, global tech stocks faced a notable decline, predominantly driven by chip shares. This drop indicates investor profit-taking alongside worries regarding the…