WS #12233
Semiconductor stocks continue to decline, with the PHLX Semiconductor Index nearing bear market territory, driven by valuation concerns and AI capex ROI doubts. Netflix reported mixed Q2 results with Q3 revenue and EPS guidance below consensus, sending stock down ~8% after-hours. Apple rose to all-time highs on China regulatory news, acting as a MAG7 carve-out against the broader tech selloff.
Semiconductor Selloff Continues
Semiconductor stocks continue to decline, with the PHLX Semiconductor Index nearing bear market territory, driven by valuation concerns and AI capex ROI doubts.
Netflix reported mixed Q2 results with Q3 revenue and EPS guidance below consensus, sending stock down ~8% after-hours.
Apple rose to all-time highs on China regulatory news, acting as a MAG7 carve-out against the broader tech selloff.