Nasdaq Declines Amid AI Chip Stock Slump

Nasdaq falls as AI chip stocks decline The US Nasdaq declined on Wednesday amid a slump in AI chip stocks. The decline comes after JPMorgan warned of a growing split between AI hardware stocks and heavy AI capex spenders. UBS remains bullish on equities, ex

Nasdaq falls as AI chip stocks decline

The US Nasdaq declined on Wednesday amid a slump in AI chip stocks.

The decline comes after JPMorgan warned of a growing split between AI hardware stocks and heavy AI capex spenders.

UBS remains bullish on equities, expecting AI capex to near USD 1tn and a broadening rally into cyclicals.

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