Global Chip Selloff Deepens, Dragging US Tech Stocks and Asian Semiconductors Lower
US tech stocks are poised to fall as a global chip selloff accelerates, driven by concerns over AI spending and increased competition from China. Nasdaq 100 futures dropped 1%, while semiconductor stocks tumbled across Asia, with South Korea's Kospi down 11%. Some strategists view this pullback as a healthy correction within a longer-term AI growth trend.
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Source:X@DeItaone · Source Link
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