Wall Street witnessed a significant downturn in semiconductor stocks Tuesday, impacting major AI beneficiaries. Memory chipmakers like SanDisk and Micron saw substantial drops as investors re-evaluated high valuations amid escalating AI spending. This correction, also affecting broader tech, signals growing caution about the speed of returns from massive AI investments, prompting some to secure profits.
US semiconductor stocks experienced a significant downturn on Wall Street, with SanDisk sinking 12%, Micron dropping 9%, and AMD falling 5%. Investors are re-evaluating high valuations amid escalating AI spending, signaling growing caution about the speed of returns. This…
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