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AI chipmakers lose $600 billion in a day
The artificial intelligence market experienced a strong selling session that wiped out more than $600 billion in market capitalization from leading chip and AI-related technology companies in just one day. Shares of companies like Nvidia, TSMC, Samsung, SK Hynix, Qualcomm, and AMD declined following calls from industry leaders to slow down the development of advanced models. This has raised concerns among investors about a potential slowdown in sector spending. Nvidia suffered the largest losses, losing around $200 billion in market value after its stock dropped by 3.9%. This decline reflects a market assessment of the overall AI technology ecosystem, where investors see that the dip is not limited to a single company but extends across the entire network of chipmakers and infrastructure providers essential to the tech revolution.
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