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US stocks give back $700 billion as AI and chip shares slide

US stocks give back $700 billion as AI and chip shares slide
AI summary

US stocks briefly added $700 billion before giving it all back as AI and chip shares slid, leaving the market unable to recover. Jim Cramer called the biggest tech takeout, a signal that often marks local tops. Traders should watch whether the failed rebound spills into crypto risk appetite, since AI-linked equities and digital assets have traded in tandem.

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