Semiconductor Index Drops 9.2% as AI Investment Concerns Deepen
Semiconductor shares fell Thursday as investors reassessed the long-term viability of the AI boom. The Philadelphia Stock Exchange Semiconductor Index dropped 9.2%.
Semiconductor shares tumbled on Thursday, deepening a multi-week retreat as market participants reassessed the long-term viability of the artificial intelligence boom, especially after a Democratic sweep in the mid-term elections.The Philadelphia Stock Exchange Semiconductor Index dropped 9.2%, put…