The Nasdaq 100 has dropped over 10% from recent highs as semiconductor stocks crater and AI spending concerns mount, pressuring crypto markets.

Chip stocks crater globally as KOSPI drops 10%, Nvidia falls 5%, and ASML slides 8.5%, raising questions about AI spending sustainability and

(Bloomberg) -- A rotation that has seen Wall Street investors bail from high-profile chipmakers in favor of more economically sensitive industries picked up speed, driving the…