WS #14153
AI-related chip stocks like Applied Materials and Broadcom sold off sharply despite strong earnings, as investors worry about high valuations and the sustainability of AI spending. The Trump administration's return of over $100 billion in tariff refunds is boosting corporate profits and GDP growth, with Apple receiving nearly $2.2 billion, supporting a strong economic outlook.
AI chip selloff
AI-related chip stocks like Applied Materials and Broadcom sold off sharply despite strong earnings, as investors worry about high valuations and the sustainability of AI spending.
The Trump administration's return of over $100 billion in tariff refunds is boosting corporate profits and GDP growth, with Apple receiving nearly $2.2 billion, supporting a strong economic outlook.