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via finance.yahoo.comMarkets

Tech selloff: Intel falls 28.6% and the semiconductor index loses over 7%

FROM THE WIRE · FINANCE.YAHOO.COM

We just published the list of the 10 Best and Cheap Stocks to Buy Heading into 2027 and Charles Schwab (NYSE:SCHW) ranks 8th on this list.Wall Street's AI trade took a hard hit on October 30. Reuters reported that a selloff in tech shares pushed MSCI's global index down 1.5%…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA sharp tech and semiconductor selloff tied to AI spending weighs on the whole sector and indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01MSCI's global index fell 1.5% after results from Intel and Amazon.
  2. 02Alphabet had already slid 12.6% a day earlier after AI spending turned its cash flow negative.
  3. 03South Korea's KOSPI fell roughly 8% in a single session on October 15.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Intel Corp.INTCStock60.16 USD-0.38%today +0.31%Negative Amazon.com, Inc.AMZNStock251.56 USD+0.20%today +2.41%Negative Alphabet Inc.GOOGLStock278.32 USD-0.64%today -0.24%Negative KOSPIINDEX:KS11Index5,648.79Market closedtoday -3.59%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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