US chip stocks head for $2 trillion wipeout as AI spending worries, Fed rate hike fears deepen
US semiconductor stocks are on track to lose $2 trillion in market value as the Philadelphia Semiconductor Index falls 3.3% amid Fed rate hike bets and concerns over the cost of AI infrastructure.
US semiconductor stocks are on track to lose $2 trillion in market value as the Philadelphia Semiconductor Index falls 3.3% amid Fed rate hike bets and concerns over the cost of AI infrastructure.
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