Micron Earnings Take on New Gravity With Market on Edge Over AI

Bloomberg Bloomberg —

Tuesday’s stock-market slide was what one Wall Street strategist called a “chip-wreck.”
The semiconductor companies that have led this year’s stock-market advance with triple-digit percentage gains were suddenly hit with a wave of doubts about the sustainability of the AI-driven rally.
Daniel Ives, Global Head of Technology as Wedbush Securities, discusses the broader tech landscape as investors remain jittery on high-flying tech stocks. (Source: Bloomberg)

Read full article at Bloomberg →

Tech Stocks Plunge on AI Spending Fears