WS #16034
The Nasdaq 100 fell 1.5% midday as investors rotated out of AI infrastructure and memory chip stocks. Micron, SanDisk, and CoreWeave led the decline, weighed down by Dell CEO warnings of a worsening memory chip shortage and broader concerns about the sustainability of AI cloud debt. Apple also faces headwinds with reports of risks to its dominance in the UK tap-to-pay market. The sell-off highlights growing skepticism around near-term AI monetization and supply chain bottlenecks.
Tech Selloff and AI Capex Concerns
The Nasdaq 100 fell 1.5% midday as investors rotated out of AI infrastructure and memory chip stocks. Micron, SanDisk, and CoreWeave led the decline, weighed down by Dell CEO warnings of a worsening memory chip shortage and broader concerns about the sustainability of AI cloud debt. Apple also faces headwinds with reports of risks to its dominance in the UK tap-to-pay market. The sell-off highlights growing skepticism around near-term AI monetization and supply chain bottlenecks.