Chip stock pullback sparks worries about AI rally strength, leveraged trades | live
By Johann M Cherian, Saqib Iqbal Ahmed and Lewis Krauskopf July 17 (Reuters) - A brutal week for chip stocks — the same names that fueled this year's blistering market rally — has left investors from Seoul to Silicon Valley asking whether the AI boom became over-leveraged and got ahead of itself. Investors from Asia to Europe pulled back from AI-exposed stocks and so-called momentum names that had powered portfolio returns through much of this year.
By Johann M Cherian, Saqib Iqbal Ahmed and Lewis Krauskopf July 17 (Reuters) - A brutal week for chip stocks — the same names that fueled this year's blistering market rally — has left investors from Seoul to Silicon Valley asking whether the AI boom became over-leveraged and got ahead of itself. Investors from Asia to Europe pulled back from AI-exposed stocks and so-called momentum names that had powered portfolio returns through much of this year.
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