Chipmakers Slide as AI Rally Pauses
Semiconductor stocks fell sharply, dragging the Nasdaq 100 and S&P 500 lower as investors turned defensive after an AI-driven rally.
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Semiconductor shares suffered a sharp selloff, with the semiconductor index plunging 5%. The Nasdaq 100 fell 1.7%, while the S&P 500 declined 0.7% as investors shifted toward a more defensive stance following a strong AI-driven rally.
The move came amid growing concerns that expensive AI investment could eventually pressure returns. The selloff highlights investor caution after an extended period of AI-related enthusiasm across chipmakers and broader technology shares.
Source: First Squawk