Chip stocks fall as Cathie Wood brushes off rising-rate worries
Barron's reports that AMD shares slid as investors ditched AI stocks, even after ARK Invest CEO Cathie Wood said not to worry about rising interest rates.
TLDR
Barron's describes a stalled chip rally, with AMD and other chip stocks falling. The report contrasts investors' retreat from AI stocks with ARK Invest CEO Cathie Wood's reassurance that rising interest rates were not a reason to worry.
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