Stock Indexes Split as Chip Stocks Fall, Oil Surges
Why are chip stocks collapsing while the Dow barely budges? Korean markets just had their worst day since the 2008 financial crisis, and the fallout is hitting semiconductors hard.
Overview
Remember when spending billions on chip fabs and AI data centers was the hottest thing in tech? That was last week. By Monday morning, investors had moved on to companies that make money without building small cities full of servers.
The tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) index fell 0.7% by 11:16 a.m. ET, while the broader S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) held their losses to 0.3% and 0.2%, respectively.
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Originally published at www.fool.com.
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