Chip Stocks Tumble From Record Heights, Lead Tech Wreck – Investor's Business Daily

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BREAKING: Dow Jones Adds Google, Replacing Verizon
Chip stocks plunged on Tuesday, leading a broader tech stock rout, just one day after the Philadelphia semiconductor index, known as SOX, hit a record high. On the stock market today, the SOX dropped 7.9%. On Monday, the SOX, which includes the 30 largest semiconductor stocks traded in the U.S., rose 2%. It notched an all-time high in intraday trades…
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10:00 AM ET Tech futures rose slightly after the Nasdaq broke key support on Tuesday FedEx and AI chip IPO Cerebras dived late.
10:00 AM ET Tech futures rose slightly after the Nasdaq broke key support…
The market forecast through year’s end is bullish, provided the Iran war and Strait of Hormuz don’t get in the way. (© Chris Gash)
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