WS #12284
Broad tech selloff led by semiconductors, with the Nasdaq down 2.3% and chip stocks like AMD, Intel, and Nvidia falling 3-7%, driven by AI spending concerns and a weak Netflix forecast. Apple briefly overtakes Nvidia as world's most valuable company, supported by HSBC upgrade and AI optimism, contrasting with the broader tech selloff. Netflix shares fall ~10% after Q2 earnings beat but Q3 revenue guidance of $12.86B (11% growth) misses expectations, raising concerns about slowing momentum.
Tech and Semiconductor Selloff
Broad tech selloff led by semiconductors, with the Nasdaq down 2.3% and chip stocks like AMD, Intel, and Nvidia falling 3-7%, driven by AI spending concerns and a weak Netflix forecast.
Apple briefly overtakes Nvidia as world's most valuable company, supported by HSBC upgrade and AI optimism, contrasting with the broader tech selloff.
Netflix shares fall ~10% after Q2 earnings beat but Q3 revenue guidance of $12.86B (11% growth) misses expectations, raising concerns about slowing momentum.