US chip stocks set to wipe out $2 trillion after latest selloff
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Oct 15 : US semiconductor stocks were set to lose $2 trillion in market value on Thursday in the steep selloff since last week, driven by rising bets of an interest-rate hike and concerns over the cost of the AI buildout.
The Philadelphia SE Semiconductor index was last down 3.3 per cent, adding to a $1.64 trillion wipeout over the past six sessions.
Source: Reuters
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