Chip Stocks Plunge as Nasdaq 100 Nears Correction with Nvidia Down 16%
Macro·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
Just weeks after driving major indexes such as the S&P 500 and Nasdaq Composite to record highs, semiconductor stocks are taking a beating once again. Analysts describe the situation as a chip panic that 'appears to be indiscriminate.'
Nvidia
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Nasdaq 100 briefly falls into correction territory ahead of Big Tech earnings”
FT — Chip stocks tumble as AI sell-off deepens“U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits.”
WSJ — Stocks Sink in Broad AI Rout Sparked by China's DeepSeek“Just weeks after driving major indexes such as the S&P 500 and Nasdaq Composite to record highs, semiconductor stocks are taking a beating once again.”
MarketWatch — Nasdaq-100 is on the edge of correction territory as semiconductor stocks take another beating
AnalysisInterprets it
“It’s a chip panic that “appears to be indiscriminate,” analysts say.”
Fortune — ‘A lot of panic around the AI investment’: How a chip slump is driving the Nasdaq toward correction