Chipmakers led a selloff in stocks as investors questioned whether massive artificial-intelligence investments will justify elevated valuations, while higher oil prices pushed bond yields higher, according to Bloomberg.
The move weighed on the broader market as traders reassessed the outlook for AI-related spending and its payoff for semiconductor companies.
STOCKS | Chip Stocks Fall on AI Spending Worries as Oil Climbs
2026-07-16 14:48:20
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