WS #12875
Semiconductor stocks (NVDA, AMD, MU, ASML) fell sharply on reports of China producing advanced chipmaking equipment and ongoing investor anxiety about AI spending returns. Apple surpassed Nvidia in market cap as AAPL rose ~0.6% while NVDA fell ~5%, driven by AI capex concerns and China competition fears.
Semiconductor Selloff on AI Capex Concerns
Semiconductor stocks (NVDA, AMD, MU, ASML) fell sharply on reports of China producing advanced chipmaking equipment and ongoing investor anxiety about AI spending returns.
Apple surpassed Nvidia in market cap as AAPL rose ~0.6% while NVDA fell ~5%, driven by AI capex concerns and China competition fears.