WS #16991
The Nasdaq Composite has fallen 5.5%, entering correction territory as investors aggressively de-rate AI and semiconductor stocks. The semiconductor index (SOXX) has seen compounded losses exceeding 90% over two days, with AMD down 17.3% even as it projects 50% Q4 growth, indicating a systemic liquidity or sentiment shock rather than company-specific failure. Conversely, China's approval of a QDII license for Neuberger Berman suggests a potential opening for foreign investment in Chinese tech, offering a slight counter-narrative to the global tech sell-off.
Tech Selloff and AI De-rating
The Nasdaq Composite has fallen 5.5%, entering correction territory as investors aggressively de-rate AI and semiconductor stocks. The semiconductor index (SOXX) has seen compounded losses exceeding 90% over two days, with AMD down 17.3% even as it projects 50% Q4 growth, indicating a systemic liquidity or sentiment shock rather than company-specific failure. Conversely, China's approval of a QDII license for Neuberger Berman suggests a potential opening for foreign investment in Chinese tech, offering a slight counter-narrative to the global tech sell-off.