Economic TimesLean R·
US Stocks Today | Chip stocks plunge, but bargain-hunters stem losses in other tech names
US chip stocks experienced a significant tumble, impacting the broader market and wiping out billions in value. While tech giants like Nvidia and Tesla saw declines, bargain hunters emerged, offering some support. This selloff, attributed to concentrated trading and shifting sentiment rather than AI fundamentals, highlights the volatility in the tech sector, especially for newly public companies like SpaceX.
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