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Global chip stocksCNBC
•82% Informative
Nasdaq Composite suffered its worst session since December 2022 , plunging nearly 3% .
Dow Jones Industrial Average closed above 41,000 for the first time.
Chip stocks tumbled amid potentially tighter restrictions on U.S. exports to China and escalating geopolitical tensions.
Federal Reserve Governor Christopher Waller suggests interest rate cuts could come soon.
The Biden administration is considering more restrictions on companies exporting critical chipmaking equipment to China .
These converging factors have heightened market risk, triggering a nearly 3% slide in the Nasdaq.
Bank of America cautions that retail investors in AI stocks could face losses reminiscent of past bubbles.
CFRA Research's chief investment strategist Sam Stovall warns that even the rotation trade may not shield the S&P 500 from a double-digit correction.
VR Score
88
Informative language
88
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40
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Language
English
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52
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Attention-grabbing headline
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Time-value
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External references
44
Source diversity
1
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