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via finance.yahoo.comMarkets

Canadian tech stock crushed as AI sell-off spreads across markets

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Canada's technology sector is showing a widening divide as a global retreat from artificial intelligence trades hammers chip and hardware-linked stocks, while software companies and telecom providers prove more resilient, suggesting investors are shifting away…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe SOX semiconductor index falling as much as 11%, its worst day since March 2020, weighs on the whole tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Reuters reported the SOX semiconductor index fell as much as 11% in one day.
  2. 02One strategist called it the unwinding of the AI trade.
  3. 03Chip and hardware-linked stocks are under pressure while software and telecom hold up better.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock181.60 USDMarket closedtoday -9.26%Negative Palantir Technologies Inc.PLTRStock154.99 USDMarket closedtoday -9.73%Negative PHLX Semiconductor IndexINDEX:SOXIndex9,011.14Market closedtoday -12.25%Negative NASDAQ 100INDEX:NDXIndex26,629.81Market closedtoday -6.36%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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