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via finance.yahoo.comMarkets

AI stocks plunge: semiconductor index drops over 12% in one day

FROM THE WIRE · FINANCE.YAHOO.COM

It has been a brutal week for some of the hottest stocks in the market, particularly those tied to artificial intelligence, semiconductors and the enormous infrastructure build-out supporting the industry. On Thursday, the Philadelphia Semiconductor Index plunged more than 12%…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe semiconductor index's second-worst day on record weighs on the whole tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Philadelphia Semiconductor Index plunged more than 12% on Thursday.
  2. 02The Nasdaq fell 5.5% and the S&P 500 dropped 4.4% the same day.
  3. 03Technology and semiconductor stocks are bouncing sharply today.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Micron Technology, Inc.MUStock691.55 USD+0.54%today +5.36%Neutral NASDAQ CompositeINDEX:IXICIndex24,661.74-0.07%today +1.43%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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