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Chip stocks slide as AI worries shift investors to other sectors
Nasdaq futures were down about 1% while the Dow was poised to rise, signaling a sector rotation within US stock index futures.
US-listed tech and semiconductors came under pressure as investors weighed worries tied to artificial intelligence spending or demand, with chip-related stocks dragging on sentiment.
In morning trading ahead of the open, Nasdaq futures fell by roughly 1%, while the Dow appeared set to move higher, according to WSJ Markets.
The move suggested investors were rotating away from chip exposure and toward other parts of the market amid the AI-related caution.
Latest closeNasdaq Comp. 24,932.08 ▼0.2%|Dow Jones 52,210.08 ▲0.5%
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