69 articles | last updated: Aug 3 09:35:00
Semiconductor giants like Intel and Nvidia suffer significant losses amid reassessment of AI investments.
- Semiconductor stocks, including Nvidia and Intel, have seen dramatic declines, with Intel experiencing its worst day in 50 years.
- Analysts warn of a potential further drop of 15% to 25% in tech stock values.
- Investors are shifting focus from overpriced tech stocks to small-cap stocks in anticipation of potential interest rate cuts.
- Intel's struggles continue despite substantial subsidies from the Biden administration's Chips Act.
- Major tech companies like Amazon, Meta, and Microsoft have tempered expectations for immediate returns on AI investments.
People, Places and Things In This Story
- Intel Semiconductor corporation
- Nvidia Software company
- Amazon.com E-commerce company
- Meta Technology company
- Artificial intelligence Field of study
- Microsoft Corporation IT corporation
- Joe Biden 46th U.S. President
Categories:
- Business
- Technology
- Economics
- Finance
- Society
- Government