Global equity markets faced renewed headwinds on Monday as fresh skepticism over artificial intelligence infrastructure spending triggered a broad sell-off in the semiconductor sector.
The wave of selling spread across Asian trading sessions, dragging down major indices and casting a shadow over the outlook for European markets.
Brent crude oil also extended its recent decline, falling more than 1% as risk appetite cooled across asset classes.
Brent crude oil also extended its recent decline, falling more than 1% as risk appetite cooled across asset classes.
The pressure on chipmakers reflects a growing investor debate regarding the return on investment for massive AI capex programs.
While technology giants continue to pour billions into data centers and hardware, market participants are increasingly scrutinizing whether near-term revenue growth can justify the scale of these expenditures.
This sentiment shift has accelerated the rotation out of high-multiple tech stocks, with semiconductor manufacturers bearing the brunt of the selling.