WS #12951
The Nasdaq-100 entered correction territory as chip stocks plunged globally on AI profitability concerns and increased competition, with SK Hynix earnings showing revenue miss but strong pricing. Apple briefly surpassed $5 trillion market cap, overtaking Nvidia as the world's most valuable company, as investors rotate from AI infrastructure to proven earnings power.
Global Semiconductor Selloff - Nasdaq Correction
The Nasdaq-100 entered correction territory as chip stocks plunged globally on AI profitability concerns and increased competition, with SK Hynix earnings showing revenue miss but strong pricing.
Apple briefly surpassed $5 trillion market cap, overtaking Nvidia as the world's most valuable company, as investors rotate from AI infrastructure to proven earnings power.