Report
Chip stocks reportedly shed close to $1 trillion in six straight trading days
A post citing Bloomberg links the selloff to fears that AI spending may not pay off as quickly as hoped.
TLDR
A post citing Bloomberg says investors sold chip-company shares for six straight trading days, cutting their combined value by about 10%, or close to $1 trillion, over fears AI spending may not pay off as quickly as hoped. It says the Philadelphia Semiconductor Index fell 3.1% on October 14, putting it on track for its longest losing streak since May 2025.
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