AI Rally Doubts Shake Chip Stocks as S&P 500 Dips
Published on: July 8, 2026, 12:01 a.m. | Source: Devdiscourse
The S&P 500 dropped as Micron Technology and other chipmakers faced skepticism about Wall Street's AI-focused rally. Samsung's earnings report disappointed investors, impacting both Asian and U.S. chip stocks. Meanwhile, news of Chinese startup DeepSeek developing its own AI chip fueled concerns about competition in the industry.
