Semiconductor Stocks Decline $1.64 Trillion Amid AI Spending Worries

Semiconductor stocks have collectively lost $1.64 trillion in market value over six sessions, driven by investor concerns regarding future AI infrastructure spending. This significant selloff has impacted major chipmakers like Nvidia, AMD, and Micron, indicating a reevaluation of industry valuations. The decline occurs despite some strong earnings reports, suggesting a broader market sentiment shift about the sustainability of current AI-driven growth.