WS #12921
Nasdaq 100 enters correction; memory stocks wipe out $2T since June; Amkor, Sandisk, Micron, Seagate plunge on weak guidance and China CXMT IPO fears. Apple shares hover near record territory as investors treat it as a refuge from AI/semiconductor selloff ahead of Q3 earnings. Software shares trade higher as investors rotate out of hardware/AI into less capital-intensive tech areas.
Tech selloff deepens; memory chips crushed
Nasdaq 100 enters correction; memory stocks wipe out $2T since June; Amkor, Sandisk, Micron, Seagate plunge on weak guidance and China CXMT IPO fears.
Apple shares hover near record territory as investors treat it as a refuge from AI/semiconductor selloff ahead of Q3 earnings.
Software shares trade higher as investors rotate out of hardware/AI into less capital-intensive tech areas.