Global stocks tumble on chip selloff and AI concerns
Global stocks fell sharply as a semiconductor selloff dragged down Wall Street indexes. Qualcomm earnings missed estimates and political shifts sparked AI spending worries.
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Xurve View
Global stocks fell sharply on Thursday, led by a 12.2% drop in the Philadelphia Semiconductor Index following weak earnings and political shifts. The Nasdaq Composite tumbled into a correction, sliding 5.5% on artificial intelligence spending concerns. The selloff signals mounting investor anxiety over high valuations and policy headwinds facing the technology sector.
