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A closely watched semiconductor-stock gauge is on course to shed more than $1 trillion in market value, Bloomberg says, as investors weigh interest rates, stretched valuations and the cost of building AI infrastructure.
Why it mattersThat’s a steep bill for a sector expected to help power the AI boom. The sell-off is a market signal, not proof that demand for AI computing is fading.
Discuss: Is this a sensible reassessment of the cost of the AI build-out, or a market overreaction to a boom that still has room to run?
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