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via finance.yahoo.comMarkets

Chip stocks recover from scary open, but shakeout may not be over

FROM THE WIRE · FINANCE.YAHOO.COM

Wall Street's AI darlings were in free fall at the open. By midmorning, they were leading the comeback. The PHLX Semiconductor Index (^SOX) sank to its lowest level since early August early Tuesday. It was supposed to be the moment Monday's relief rally fell apart after an…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe chip sector rebound after heavy losses matters for the AI-linked tech segment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The PHLX Semiconductor Index fell to its lowest since early August at the open.
  2. 02Roughly three of four stocks in a 60-stock chip basket turned green.
  3. 03Chip-equipment makers remain in the red.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock216.93 USD-0.15%today -0.07%Neutral Advanced Micro Devices, Inc.AMDStock541.02 USD-0.10%today +0.55%Neutral Taiwan Semiconductor Manufacturing Company LimitedTSMStock426.75 USD-0.28%today +1.55%Neutral Intel Corp.INTCStock93.14 USD+0.06%today +1.20%Neutral Applied Materials, Inc.AMATStock404.37 USD-0.11%today -2.12%Neutral PHLX Semiconductor IndexINDEX:SOXIndex11,328.13-0.52%today +0.10%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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