Chipmakers and High-Flying Stocks Slide Amid Waning Confidence in AI Trade
Semiconductor stocks are experiencing a sharp decline as investors rotate out of AI-driven winners, raising concerns about the sustainability of recent gains. The Philadelphia Semiconductor Index has fallen nearly 24% from its peak and is down over 11% this week.
Tickers: $AVGO $MU $NVDA $QCOM $QQQ $SKHYV $WDC
Topics: AI semiconductors stock market correction