AI Rout Exposes Wall Street’s $270 Billion Speculation Machine

This week’s tech rout did more than puncture one of the year’s hottest trades: it exposed the machinery of modern speculation — and how quickly it can work in reverse. A retail-fueled unwind in AI chip stocks reverberated through semiconductor shares across Asia and...

US Chipmaker Selloff Pushes Key Stock Indexes to Weekly Loss

US stocks ended the week lower as ongoing weakness in chip stocks outweighed a survey showing cooler-than-expected inflation expectations and easing rate hike concerns. The S&P 500 fell 0.1% Friday to cap off its biggest weekly decline since the beginning of June...