Democrats had just regained a voice in both chambers when markets went into overdrive, floating an “AI super-ban.” Of course, it’s really just a proposal from two lawmakers, but it was heavily hyped today and used as a tool to drive stocks down.
Investors are still worried that demand expectations for chips, memory, computing power, and optical communications will fall as data center construction and AI investment slow, leading to valuations being recalculated.
So AI semiconductors, which had already been undergoing a correction, accelerated their decline over the past two days.
At the close, the SOX was down nearly 11%… SanDisk was back at 800, closing down 22%, while Micron closed down 17%…
#US stocks weaken, while cryptocurrencies broadly come under pressure
Investors are still worried that demand expectations for chips, memory, computing power, and optical communications will fall as data center construction and AI investment slow, leading to valuations being recalculated.
So AI semiconductors, which had already been undergoing a correction, accelerated their decline over the past two days.
At the close, the SOX was down nearly 11%… SanDisk was back at 800, closing down 22%, while Micron closed down 17%…
#US stocks weaken, while cryptocurrencies broadly come under pressure
