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AI Stocks Fall Despite Strong Earnings | US News
Description
Nasdaq futures tumble 1% as chip stocks unwind Monday’s gains, with even AI-driven giants like Samsung and Western Digital seeing steep drops despite stellar earnings — sparking debate over whether the AI market’s real test is here. U.S. semis like Broadcom, Micron, and Intel also retreat, while oil markets edge higher near pre-war levels amid fresh tension in the Strait of Hormuz after a tanker attack, adding geopolitical risk to already volatile markets.
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