WS #12245
US chip and memory stocks slide as investors pull away from AI leaders; SMH down 6.9% for the week; concerns over AI investment sustainability. Netflix shares dropped 8% after Q2 results met expectations but disappointed investors. New Mexico blocked a 17-mile gas pipeline for Oracle's proposed 2.5-gigawatt data center, negative for ORCL. China's Moonshot AI released an open-source model surpassing Anthropic and OpenAI releases, threatening US AI dominance.
AI chip selloff deepens
US chip and memory stocks slide as investors pull away from AI leaders; SMH down 6.9% for the week; concerns over AI investment sustainability.
Netflix shares dropped 8% after Q2 results met expectations but disappointed investors.
New Mexico blocked a 17-mile gas pipeline for Oracle's proposed 2.5-gigawatt data center, negative for ORCL.
China's Moonshot AI released an open-source model surpassing Anthropic and OpenAI releases, threatening US AI dominance.