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AI Chip Sell-Off and Market Shifts | Anchorage News
Description
The stock market’s on a rollercoaster: the S&P 500 nudges up while the Dow soars over 600 points, powered by solid earnings from big names like Coca-Cola and Sherwin-Williams. But chipmakers—especially AI-linked firms like Micron and AMD—are crashing globally, sparking fears over China’s rising chip capabilities. Analysts say it might be an overreaction, but the AI giants’ upcoming earnings could sway markets even more. Meanwhile, oil’s cooling off amid Middle East diplomacy hopes, nudging Fed rate bets lower.
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