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US · 41 mins ago
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Qualcomm drops 13% as chip stocks pull back from record AI-driven rally
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Qualcomm's stock fell 13% as semiconductor stocks retreated from recent record highs driven by AI investment trends. The pullback reflects a broadening of AI-related gains beyond dominant chipmaker Nvidia to other players in the sector.
Qualcomm drops 13% as chip stocks pull back from record AI-driven rally
The recent rally has shown a broadening of the AI trade beyond chipmaking giant Nvidia.
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