14 Hrs
Source:
المشهد العربي
Wall Street chips fall on rate concerns
Electronic chip company stocks on Wall Street declined significantly, losing over one trillion dollars in market value over six sessions due to concerns about rising interest rates and the costs associated with developing artificial intelligence. The Philadelphia Semiconductor Index dropped by 3.51%, bringing its total decline to nearly 10%, marking the longest downturn since May 2025. This reflects increasing financial pressure on the sector resulting from fierce competition and higher financing costs.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)