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Chip Stocks Plunge Amid AI Sell-Off
Description
Chip stocks are crashing hard, wiping out over a trillion dollars in value—the worst hit since April last year—with AI favorites like Nvidia, TSMC, and Broadcom leading the plunge. The semiconductor index drops more than 8%, while the S&P 500 stumbles after a nine-week streak, though broader markets aren’t fully collapsing. The Nasdaq 100 shows deeper weakness, signaling concentrated tech pain. South Korea’s memory sector also tanks, with Samsung and SK Hynix down sharply. Watch this space—unless these chips rebound soon, the sell-off could spread.
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