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Wall St ends lower for the day and week as chip selloff broadens
“It’s like the market has chip fatigue,” said Ryan Detrick, chief market strategist at Carson Group, as chip stocks faced continued pressure.
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swissinfo.ch
Chipmaker Rout Hits Stocks on AI Spending Worries: Markets Wrap
(Bloomberg) -- A selloff in chipmakers dragged down stocks amid concerns over whether massive artificial-intelligence investments will justify lofty valuations, with a resurgence…
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cryptobriefing.com
US chip and memory stocks slide amid Wall Street turmoil as investors rethink AI bets
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.
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straitstimes.com
Wall Street ends lower as chip weakness offsets solid earnings, economic data
The Dow Jones Industrial Average fell 105.32 points, or 0.2 per cent, to 52,553.32. Read more at straitstimes.com. Read more at straitstimes.com.
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Asian Stocks to Track US Slide After Chip Selloff: Markets Wrap
(Bloomberg) -- Stocks in Asia looked set to open lower Friday after a selloff in chipmakers dragged down Wall Street as investors questioned whether massive…
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thehindubusinessline.com
Stocks drop as chip selloff deepens, crude oil prices climb: Markets Wrap
Technology stocks have come under pressure in recent weeks as investors increasingly question whether this year’s blistering AI-driven rally has run too far, too fast
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Wall Street ends lower as chip sector weakness overshadows strong earnings season
The S&P 500 fell 0.50% and Nasdaq dropped 1.47% as semiconductor stocks slid 3.5%, overpowering strong earnings from TSMC and UnitedHealth Group.
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irishtimes.com
Asian shares fall as chip and memory stocks extend losses into Friday
Investors pull away from shares in companies that have led markets higher this year
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Chip Stocks Poised for Bear Market in AI Unwind: Markets Wrap
(Bloomberg) -- A selloff in chipmakers gathered pace on Friday, driving the group that has led this year’s stock rally toward a bear market on worries that the…
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economictimes.indiatimes.com
Chipmakers and other high-flying stocks slide as AI trade wobbles
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…
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Chip Stocks Fall to Bear-Market Brink in AI Unwind: Markets Wrap
(Bloomberg) -- A selloff in chipmakers gathered pace, sending the group that has led this year’s stock rally to the edge of a bear market on worries that the…
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afr.com
Chipmakers fall to brink of bear market as investors dump AI
Wall Street capped the week with an escalation of the sell-off in chipmaker stocks, sending markets to the precipice of bear territory.
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US stocks today: Nasdaq, S&P fall over 1%, end lower for week as chip selloff broadens
Wall Street declined as AI-driven chip stocks extended losses, triggering broader risk-off sentiment. Semiconductor shares saw sharp weekly declines, while energy stocks gained on…
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channelnewsasia.com
Wall St ends lower for the day and week as chip selloff broadens
“It’s like the market has chip fatigue,” said Ryan Detrick, chief market strategist at Carson Group, as chip stocks faced continued pressure.
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Wall St ends lower for the day and week as chip sell-off broadens
The Dow Jones Industrial Average fell 406.55 points, or 0.77 per cent, to 52,146.42. Read more at straitstimes.com. Read more at straitstimes.com.
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Chip Stocks Slide Into Bear Market in AI Unwind: Markets Wrap
(Bloomberg) -- A selloff in chipmakers gathered pace, driving the high-profile group of stocks to a bear market on worries that the artificial-intelligence spending spree is…
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Wall Street's chip index enters bear market! Is the AI bubble finally going bust?
Wall Street's semiconductor index slipped into bear market territory after tumbling more than 20% from its June peak, raising fresh questions over the sustainability of the…
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Chip stocks slide into bear market in AI unwind: Markets wrap
A surprise breakthrough from Chinese AI startup Moonshot jolted the sector, which also joined broader equity losses on geopolitical tensions. The Nasdaq 100 lost 1.5%. Oil jumped…