Chip rout wipes out $1.3 trillion as AI valuation concerns rattle semiconductor stocks
A significant drop in semiconductor stocks has erased $1.3 trillion in market value, driven by disappointing earnings from Broadcom and concerns over AI valuations. Major companies like Nvidia, Micron Technology, and Marvell Technology faced steep declines, raising questions about the sustainability of the sector's growth amid increasing investor caution.
A significant drop in semiconductor stocks has erased $1.3 trillion in market value, driven by disappointing earnings from Broadcom and concerns over AI valuations. Major companies like Nvidia, Micron Technology, and Marvell Technology faced steep declines, raising questions about the sustainability of the sector's growth amid increasing investor caution.
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