Nasdaq-100 is on the edge of correction territory as semiconductor stocks take another beating

Nasdaq-100 is on the edge of correction territory as semiconductor stocks take another beating

Semiconductor stocks fell 24.5% from June peaks amid doubts about AI investment ROI; Nasdaq-100 approached correction territory down 9.4%. Market concerns center on capital costs and hyperscalers' returns, signaling IT budget cycles will prioritize demonstrated AI value over capex volume.