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Chipmakers and other high-flying stocks slide as AI trade wobbles

As July commenced, global tech stocks faced a notable decline, predominantly driven by chip shares. This drop indicates investor profit-taking alongside worries regarding the sustainability of AI expenditures. The Philadelphia Semis Index is close to entering bear market territory after facing a steep decline. Additionally, the Chinese AI model Kimi K3 has heightened scrutiny of US tech investment returns, while the market eagerly anticipates earnings reports from Alphabet and Tesla.

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Economic TimesLean R·1h ago
Chipmakers and other high-flying stocks slide as AI trade wobbles
As July commenced, global tech stocks faced a notable decline, predominantly driven by chip shares. This drop indicates investor profit-taking alongside worries regarding the sustainability of AI expenditures. The Philadelphia Semis Index is close to entering bear market territory after facing a steep decline. Additionally, the Chinese AI model Kimi K3 has heightened scrutiny of US tech investment returns, while the market eagerly anticipates earnings reports from Alphabet and Tesla.
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Chipmakers and other high-flying stocks slide as AI trade wobbles

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Chipmakers and other high-flying stocks slide as AI trade wobbles

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