Business
Chip Stock Selloff Erases $1 Trillion in Market Value
A sharp reversal in semiconductor stocks on Friday sent the Nasdaq to its worst day in over a year amid AI spending concerns and rising interest rate fears.
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A sharp reversal in semiconductor stocks on Friday sent the Nasdaq to its worst day in over a year amid AI spending concerns and rising interest rate fears.
The semiconductor company hit the milestone as AI-driven demand for memory chips sparked a significant increase in its share price.