WS #12311
Chip stocks enter bear market; Nasdaq and S&P 500 close lower; rotation into Microsoft, Meta, and other established tech leaders; Apple briefly overtakes Nvidia as most valuable company. Fireworks AI raises $1.5B; Agility Robotics opens humanoid robot facility; AST SpaceMobile upgraded; AI demand remains strong despite semiconductor selloff.
Semiconductor Selloff and Tech Rotation
Chip stocks enter bear market; Nasdaq and S&P 500 close lower; rotation into Microsoft, Meta, and other established tech leaders; Apple briefly overtakes Nvidia as most valuable company.
Fireworks AI raises $1.5B; Agility Robotics opens humanoid robot facility; AST SpaceMobile upgraded; AI demand remains strong despite semiconductor selloff.