Global semiconductor stocks experienced a significant selloff, driven by concerns over inflated valuations for AI boom beneficiaries. Major Asian chipmakers, including Samsung Electronics and Taiwan Semiconductor Manufacturing Co., saw substantial declines. This pullback signals growing unease about the sector’s earnings potential and high stock prices amid persistent interest rate concerns.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created