WS #12949
Chip stocks continue to sell off; Nasdaq-100 enters correction; Jim Cramer says Wall Street is fleeing AI infrastructure stocks into defensive names. Seagate (STX) +8.5% AH, Ford (F) +5% AH, Bloom Energy (BE) +12% AH; KLA (KLAC) -7.8% AH on guidance. Over 1,100 employees from OpenAI, Anthropic, Google, and Meta call for US-backed global AI regulation to pace frontier AI development.
AI trade rotation and chip selloff
Chip stocks continue to sell off; Nasdaq-100 enters correction; Jim Cramer says Wall Street is fleeing AI infrastructure stocks into defensive names.
Seagate (STX) +8.5% AH, Ford (F) +5% AH, Bloom Energy (BE) +12% AH; KLA (KLAC) -7.8% AH on guidance.
Over 1,100 employees from OpenAI, Anthropic, Google, and Meta call for US-backed global AI regulation to pace frontier AI development.