The semiconductor sector is undergoing a severe repricing, with Wall Street chip manufacturers plunging 7% in Tuesday’s session.
The sharp decline marks a stark reversal for an industry that had more than doubled its valuations in recent years, raising questions about whether the enthusiasm for the artificial intelligence trade has peaked.
The move marks a continuation of the sharp reversal that has plagued the group, with the broader Nasdaq Composite dragged down nearly 2% by the tech-heavy selloff.
Selling pressure is intensifying across the semiconductor and artificial intelligence sectors as investors reduce exposure ahead of key US macroeconomic data.
The move marks a continuation of the sharp reversal that has plagued the group, with the broader Nasdaq Composite dragged down nearly 2% by the tech-heavy selloff.
Wall Street slides as semiconductor selloff and Middle East tensions weigh on risk appetite, according to earlier Handelsavisen coverage.
The sector's vulnerability is being tested as valuation fears overshadow recent corporate outlooks, including TSMC's guidance.