U.S. markets closed lower as chip stocks declined on concerns the AI-driven rally may be overstretched. Losses in Micron and other semiconductor firms weighed on indices, while rising competition from China and unmet expectations after Samsung’s earnings added pressure. Investors are reassessing valuations amid continued volatility in AI-linked stocks.
U.S. markets closed lower as chip stocks declined on concerns the AI-driven rally may be overstretched. Losses in Micron and other semiconductor firms weighed on indices, while rising competition from China and unmet expectations after Samsung’s earnings added pressure. Investors are reassessing valuations amid continued volatility in AI-linked stocks.
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