Tech Stock Sell-Off Wipes Out Over $1 Trillion as Chip Rivalry Intensifies
A recent sell-off in AI and semiconductor shares has erased more than $1 trillion in market value. Several major technology firms have seen steep declines driven by a mix of economic pressures. Chinese chipmaker ChangXin Memory Technologies is working to expand its memory chip output, which could heighten competition in the industry. Analysts point to rising inflation and higher interest rates as factors eroding investor confidence across the sector.
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