US equity markets closed with mixed results on Thursday, as the technology-heavy Nasdaq Composite fell 0.7% to 25,930.59.
The decline was driven by renewed selling pressure in the semiconductor sector, where investors are reassessing valuations amid growing concerns about the sustainability of the artificial intelligence investment boom.
While the broader market showed resilience, with the Dow Jones Industrial Average posting gains, the divergence highlights a continued rotation away from high-growth tech names.
Semiconductor firms, which have been central to the recent market rally, faced headwinds as traders digested new price data that has intensified worries about persistent inflationary pressures.
The mixed session reflects a cautious stance among investors who are balancing strong corporate earnings against a macroeconomic backdrop that remains uncertain.
The split performance between value-oriented indices and growth-focused tech stocks suggests that market participants are becoming more selective, favoring companies with clearer near-term visibility.