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via finance.yahoo.comMarkets

LYNX says AI chip sell-off is unmoored from fundamentals; Nasdaq fell 2.6% Thursday

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- The Nasdaq Composite plunged 2.6% on Thursday as technology stocks sold off sharply, but the intensity of the decline went beyond fundamentals, according to LYNX Equity Strategies. Still guessing which stocks will beat the market? Our AI portfolio updates…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe sharp Nasdaq and tech decline weighs on the index and the semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Nasdaq Composite plunged 2.6% on Thursday.
  2. 02LYNX says the decline went beyond fundamentals.
  3. 03Lam Research fell 12% after earnings and guidance; CPU stocks fell about 8%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Lam Research CorporationLRCXStock230.92 USD-1.05%today +0.33%Negative Meta Platforms, Inc.METAStock644.47 USD-0.28%today -0.68%Neutral NASDAQ CompositeINDEX:IXICIndex25,978.33-0.25%today -0.12%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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