WS #11280
Chip stocks fell again with Micron down 5%, Nvidia down 1.4%, AMD down 4.3%, Intel down 5.3%, as Michael Burry shorts Micron and rotation out of tech persists. Microsoft launched $2.5B AI consulting division with 6,000 engineers, but also announced 2.2% workforce cuts (4,840 jobs) amid AI-related restructuring, while stock dropped 19% to 52-week low.
Semiconductor Selloff Continues
Chip stocks fell again with Micron down 5%, Nvidia down 1.4%, AMD down 4.3%, Intel down 5.3%, as Michael Burry shorts Micron and rotation out of tech persists.
Microsoft launched $2.5B AI consulting division with 6,000 engineers, but also announced 2.2% workforce cuts (4,840 jobs) amid AI-related restructuring, while stock dropped 19% to 52-week low.