Magnificent Seven stocks shed $2.3tn in Wall Street tech rotation
Investors switch to soaring chipmakers benefiting from hyperscalers’ vast AI spending
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Investors switch to soaring chipmakers benefiting from hyperscalers’ vast AI spending
Value of some chip manufacturers have tripled, or more, driving Asia Pacific stock markets sharply higher Shares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis. Investors have driven up the value of semiconductor and memory chip manufacturers, whose profits have soared during 2026, at the expense of some large software companies, which have fallen out of favour this year. Continue reading...
The memory chip price surge highlights the growing divide between thriving chipmakers and struggling tech consumers, impacting future investments. The post Elon Musk calls memory chip price jump biggest he’s seen appeared first on Crypto Briefing.