Chip Stocks Slide Amid AI Market Shifts | Miami News

Stocks are mixed as the S&P 500 climbs while the Nasdaq dips amid AI chipmaker sell-offs — even as earnings beat expectations. Micron, AMD, and Applied Materials lead the slide, echoing losses in South Korea’s market, where SK Hynix and Samsung saw trading halted. Analysts say the chip downturn may be overblown, with China’s rising chip power posing less of a threat than feared. Big tech earnings this week — Meta, Microsoft, Amazon — will reveal AI spending trends that could sway the market. Meanwhile, cooling oil prices are dampening inflation fears and nudging traders to question Fed rate hikes. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/58e58786bb670082