WS #11182
Semiconductor stocks (MU, ARM, INTC, AMD, NVDA) fell sharply on profit-taking and valuation concerns, with the VanEck Semiconductor ETF down 4% from its all-time high. Meta is building a new cloud business to sell excess AI compute capacity, validating AI infrastructure demand and supporting AI-related names.
Semiconductor sell-off
Semiconductor stocks (MU, ARM, INTC, AMD, NVDA) fell sharply on profit-taking and valuation concerns, with the VanEck Semiconductor ETF down 4% from its all-time high.
Meta is building a new cloud business to sell excess AI compute capacity, validating AI infrastructure demand and supporting AI-related names.