Chip stocks lose $1 trillion as sell-off intensifies | Communications Today
A closely watched gauge of semiconductor stocks erased $1.6 trillion in market value in a six-day losing streak as concerns mount over higher interest rates, stretched valuations and the enormous cost of building artificial-intelligence infrastructure. The Philadelphia Semiconductor Index, better known as the SOX, is down 12% over the past six sessions, its longest losing […]
A closely watched gauge of semiconductor stocks erased $1.6 trillion in market value in a six-day losing streak as concerns mount over higher interest rates, stretched valuations and the enormous cost of building artificial-intelligence infrastructure. The Philadelphia Semiconductor Index, better known as the SOX, is down 12% over the past six sessions, its longest losing […]
What's Your Reaction?
