Is the AI Bubble Cracking? Chip Stocks Fall for 8 Straight Days
Chip stocks fell 8 days straight as AI doubts and rate fears hit SOXX. See what drove it and the levels to watch next. The post Is the AI Bubble Cracking? Chip Stocks Fall for 8 Straight Days appeared first on BeInCrypto.
AI summary
Chip stocks, tracked by the SOXX ETF, have fallen for eight consecutive trading days amid growing doubts about the AI boom and concerns over interest rates. The sustained sell-off in semiconductor shares signals weakening investor confidence in AI-related growth, which could spill over into crypto markets that have traded in tandem with tech equities. Traders should watch key support levels on SOXX and broader risk sentiment for potential contagion into digital assets.
