“It’s like the market has chip fatigue,” said Ryan Detrick, chief market strategist at Carson Group, as chip stocks faced continued pressure.

(Bloomberg) -- A selloff in chipmakers dragged down stocks amid concerns over whether massive artificial-intelligence investments will justify lofty valuations, with a resurgence…

US semiconductor stocks lost over $1 trillion in market value as Nvidia, Micron, and Broadcom led a sharp selloff. Bitcoin held steady amid the turmoil.

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…