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via finance.yahoo.comMarkets

Tough week for AI and chip stocks after Democratic wins in Congress

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Democratic wins in both chambers of Congress eventually triggered a heavy sell-off across AI and chip names, while deal news drove sharp moves in both directions elsewhere. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSemiconductor selloff reflects doubts over data center expansion plans under the new political landscape.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Democrats took both chambers of Congress.
  2. 02SanDisk fell 26.9% over the week, Micron 21.5% and Arm 16.1%.
  3. 03Lam Research dropped 15.4% and Applied Materials 14.1%.
  4. 04Broadcom fell 9.6% and Nvidia 8.3%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Micron Technology, Inc.MUStock692.37 USD-0.32%today +5.48%Negative Lam Research CorporationLRCXStock201.16 USD+0.82%today +8.62%Negative Applied Materials, Inc.AMATStock333.63 USD-0.18%today +4.50%Negative Broadcom Inc.AVGOStock293.64 USD+0.01%today +0.73%Negative Sandisk CorporationSNDKStock828.61 USD-0.18%today +2.75%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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