Chip Stocks Sell Off as AI Trade Sentiment Shifts
A Tuesday selloff in AI supplier shares is described as a sign of shifting sentiment toward the AI trade, amid worries that rising interest rates could curb spending.
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A Tuesday selloff in AI supplier shares is described as a sign of shifting sentiment toward the AI trade, amid worries that rising interest rates could curb spending.
A Tuesday selloff in AI supplier shares is described as the strongest sign yet that sentiment around the AI trade is shifting, amid concerns that rising interest rates could curb spending.
AI supplier shares sold off on Tuesday, as concerns grew that rising interest rates could derail a major spending spree.
Barron's said Delta Air Lines is scheduled to report earnings on Friday, while the University of Michigan will release its October consumer sentiment index. Economists surveyed by the publication forecast a 48 reading, up from September's 47.8.
Intel Corp. (NASDAQ: INTC ) stock fell nearly 2% in Wednesday’s premarket session as investors turned cautious following a weaker overnight market backdrop. Nasdaq futures were down 0.54%, while S&P 500 futures slipped 0.31%, weighing on technology stocks ahead of the opening bell. Intel appeared to be facing profit-ta
SanDisk Corporation stock trades nearly 5% lower in premarket session as investors lock in gains following recent AI-driven memory rally