Business & Economy · 1 view
Micron, SoftBank and ASML slide as Wall Street chip rout spreads
Technology stocks fell Tuesday after a sell-off in U.S. semiconductor shares sparked worries over artificial intelligence financing and intensifying competition.
AI Summary
Technology stocks dropped on Tuesday after a sell‑off in U.S. semiconductor shares raised concerns about financing for artificial‑intelligence projects and heightened competition. In Europe, chip‑related equities fell in early trading, with ASML slipping 3.3% and both STMicroelectronics and Infineon each losing 5%. Dutch chip firms BE Semiconductor and ASM International opened around 4% lower. The declines reflect broader investor anxiety over the sector’s funding outlook.
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