Nasdaq futures fall 2% as global chip sell-off continues: Live updates - CNBC
Stock markets experienced a weekly decline as semiconductor stocks fell due to increased competition from Chinese AI models and investor fatigue. Rising oil prices also impacted the market amid escalating tensions in the U.S.-Iran conflict.
Why it matters
The downturn reflects growing investor skepticism regarding the sustainability of aggressive AI spending and the potential for geopolitical instability to disrupt global markets.
Stocks fell again on Friday, with Wall Street posting a weekly decline, as traders weighed the latest moves in semiconductor names along with recent quarterly reports.
The article reports on market movements and expert commentary without taking a political stance or using loaded language.
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