WS #12918
Nasdaq 100 enters correction territory (down >10% from June highs) as AI infrastructure spending concerns and Chinese competition weigh on semiconductor stocks; Apple reaches $5 trillion market cap as a safe-haven rotation. Nvidia's Jensen Huang meets with Commerce Secretary Howard Lutnick as Trump administration investigates potential violations of chip exports to China, adding regulatory overhang. Apple becomes second company ever to reach $5 trillion valuation as investors flee AI/semiconductor stocks for defensive tech with strong product demand and lower AI spending.
Tech/AI selloff intensifies, Nasdaq correction
Nasdaq 100 enters correction territory (down >10% from June highs) as AI infrastructure spending concerns and Chinese competition weigh on semiconductor stocks; Apple reaches $5 trillion market cap as a safe-haven rotation.
Nvidia's Jensen Huang meets with Commerce Secretary Howard Lutnick as Trump administration investigates potential violations of chip exports to China, adding regulatory overhang.
Apple becomes second company ever to reach $5 trillion valuation as investors flee AI/semiconductor stocks for defensive tech with strong product demand and lower AI spending.