WS #11277
Nasdaq fell 0.80% while Dow hit record close; semiconductor index plunged over 7% on AI demand concerns; Meta's AI cloud plans and Apple's China chip sourcing add pressure. Apple surged 4.84% on foldable iPhone report; Tesla fell 7.49% despite record Q2 deliveries; Meta dropped 4.9% on AI cloud plans.
Tech-to-Value Rotation & Semiconductor Selloff
Nasdaq fell 0.80% while Dow hit record close; semiconductor index plunged over 7% on AI demand concerns; Meta's AI cloud plans and Apple's China chip sourcing add pressure.
Apple surged 4.84% on foldable iPhone report; Tesla fell 7.49% despite record Q2 deliveries; Meta dropped 4.9% on AI cloud plans.