ChipsReutersabout 13 hours ago
Stocks Poised to Rebound After Chip Selloff
1 min read
Stocks ended lower for the week as AI-driven chip stocks extended losses, with the S&P 500 down 1.6% and the Nasdaq off 2.9%. Fundstrat's Tom Lee says stocks are poised to rebound after a massive margin call and selloff in AI trade darlings.
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Quartz and Techmeme lead with opposite market moves for chip stocks, while Bloomberg Tech and CNBC Tech frame the sector as bearish or a buying opportunity, and Reuters and the Wall Street Journal highlight a rebound.
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