WS #12275
SOXX enters bear market territory, down >19% from peak; chip stocks (NVDA, AMD, INTC, AMAT, LRCX) fall 2-4% pre-market; AI spending sustainability questioned; Netflix and Intuitive Surgical also decline. Apple briefly overtakes Nvidia to become world's most valuable company, with AAPL holding up better than other mega-caps during the tech rout.
Tech/Semiconductor Selloff Intensifies
SOXX enters bear market territory, down >19% from peak; chip stocks (NVDA, AMD, INTC, AMAT, LRCX) fall 2-4% pre-market; AI spending sustainability questioned; Netflix and Intuitive Surgical also decline.
Apple briefly overtakes Nvidia to become world's most valuable company, with AAPL holding up better than other mega-caps during the tech rout.