WS #12676
Nasdaq closed lower with semiconductor stocks (Sandisk -10.8%, Micron -7%, TSMC -3%, Broadcom -2.7%) under pressure amid profit-taking and AI trade unwinding. Trump announced a Section 301 investigation into EU fines on US tech giants (Apple $15B, Meta $3B, Amazon $2.5B, Google $1B), threatening new tariffs.
Tech Selloff and Semiconductor Weakness
Nasdaq closed lower with semiconductor stocks (Sandisk -10.8%, Micron -7%, TSMC -3%, Broadcom -2.7%) under pressure amid profit-taking and AI trade unwinding.
Trump announced a Section 301 investigation into EU fines on US tech giants (Apple $15B, Meta $3B, Amazon $2.5B, Google $1B), threatening new tariffs.