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المشهد العربي
Sales Pressures in the Chip Sector Amid Lack of AI-Related Revenue
Semiconductor company stocks faced a sharp decline, with the Philadelphia Semiconductor Index (SOX) dropping by 4.97% to 11,783 points, despite strong financial results from TSMC and its confirmation of increased capital expenditure. The main reasons include investors' concerns over weak returns on artificial intelligence investments and the timeline required to turn billions of dollars in spending into tangible profits, as well as geopolitical anxieties related to tensions between the United States and Iran and fluctuations in oil prices. Major stocks such as Sandisk, Western Digital, and Seagate were affected, experiencing declines between 10% and 12%.
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