#PhiladelphiaSemiconductorIndexFalls4%
đš AI Stocks Take a Hit as Semiconductor Index ($SOX) plunges by more than 5%.
After an explosive 88% Q2 rally, the Philadelphia Semiconductor Index ($SOX) plunged 5.4% in just two days, raising concerns about whether AI stocks are finally cooling off.
Whatâs behind the sell-off? đ
đ° Earning profits from a huge victory.
đ€ Worsening fears of decelerating AI infrastructure spending.
Interest rates continue to weigh on growth stocks, with higher-for-longer rates.
đ Biggest losers:
âą SanDisk (SNDK): -14%
âą Teradyne (TER): -13.6%
âą KLA (KLAC): -11.5%
âą Marvell (MRVL): -9.8%
âą Micron (MU): -5.4%
đ The bigger picture:
Although the correction, $SOX is still on the rise by around 76% YTD, as global semiconductor demand continues to rise due to AI, cloud computing, and data centers.
Is this the beginning of a correction or a move towards a pullback that is more significant before the next AI rally?
A new bearish trend has emerged this week that could suggest the broad market is preparing for a bear market.There is a new bearish trend to watch this week that may indicate the broad market is getting ready for a bear market.
#PhiladelphiaSemiconductorIndexFalls4% #habab $SNDK $TER $KLAC
đš AI Stocks Take a Hit as Semiconductor Index ($SOX) plunges by more than 5%.
After an explosive 88% Q2 rally, the Philadelphia Semiconductor Index ($SOX) plunged 5.4% in just two days, raising concerns about whether AI stocks are finally cooling off.
Whatâs behind the sell-off? đ
đ° Earning profits from a huge victory.
đ€ Worsening fears of decelerating AI infrastructure spending.
Interest rates continue to weigh on growth stocks, with higher-for-longer rates.
đ Biggest losers:
âą SanDisk (SNDK): -14%
âą Teradyne (TER): -13.6%
âą KLA (KLAC): -11.5%
âą Marvell (MRVL): -9.8%
âą Micron (MU): -5.4%
đ The bigger picture:
Although the correction, $SOX is still on the rise by around 76% YTD, as global semiconductor demand continues to rise due to AI, cloud computing, and data centers.
Is this the beginning of a correction or a move towards a pullback that is more significant before the next AI rally?
A new bearish trend has emerged this week that could suggest the broad market is preparing for a bear market.There is a new bearish trend to watch this week that may indicate the broad market is getting ready for a bear market.
#PhiladelphiaSemiconductorIndexFalls4% #habab $SNDK $TER $KLAC