Browsing: selloff

The Nikkei 225 Index fell 0.8% to below 62,000 on Wednesday, extending the previous session’s losses as technology stocks remained under heavy selling pressure amid persistent concerns over the sustainability of the artificial intelligence trade

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This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox

A brutal tech selloff swept across Wall Street in the trading week ending July 17, hammering semiconductor stocks after their record-breaking rally as investors rushed to take profits on growing fears that hyperscaler AI investment is losing momentum and low-cost Chinese AI models could erode pricing power. 

By  STAN CHOE Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year]  

The PHLX Semiconductor Index (^SOX) fell 4.3% Thursday, breaking the neckline of a head-and-shoulders top and its make-or-break 12,000 level