Philadelphia Semiconductor Index Tumbles 20% on July 17, AI Investment Concerns Weigh on U.S. Stocks

According to South Korean media reports, the Philadelphia Semiconductor Index tumbled over 20% from its all-time high on July 17, dragging broader U.S. stock markets lower. The selloff in semiconductor stocks, which had driven the recent AI investment rally, intensified amid rising Middle East geopolitical tensions. Risk-averse sentiment spread from tech-focused equities across the broader market as investors reduced exposure to growth-oriented assets.
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