ChipsCNBC Techabout 1 hour ago
Chip stocks tumble after record Q2 rally
1 min read
Micron dropped 11%, Intel fell 9%, and AMD fell 7% on Wednesday, wiping out $138 billion in market cap. The VanEck Semiconductor ETF fell over 5% after its best quarter ever. A report that Meta may rent out excess AI computing capacity raised supply-demand fears.
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