WS #16598
Intel's 25% plunge on earnings warnings has acted as a catalyst for a sector-wide tech selloff, dragging AMD lower and triggering massive distribution in Alphabet, which saw 93 million shares traded. The weakness is spreading to TSX futures as investors reassess the sustainability of AI capex and PC market demand, creating a negative feedback loop for the entire semiconductor and software supply chain.
Tech Selloff & AI Jitters
Intel's 25% plunge on earnings warnings has acted as a catalyst for a sector-wide tech selloff, dragging AMD lower and triggering massive distribution in Alphabet, which saw 93 million shares traded. The weakness is spreading to TSX futures as investors reassess the sustainability of AI capex and PC market demand, creating a negative feedback loop for the entire semiconductor and software supply chain.