Why Is AMD Stock Falling on Wednesday?
A hotter September inflation report, AI financing concerns and an OpenAI revenue reset are weighing on tech stocks.
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Why Is Broadcom Stock Falling on Wednesday?
Semiconductor stocks are lower after CEO Hock Tan’s comments on AI investors, OpenAI and financing risks.
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Shares of semiconductor and chip companies are trading lower amid elevated expectations for Fed rate hikes due to broader inflation and energy challenges. Higher borrowing costs may affect the sector's ambitious capex plans while also creating risks for customers, which may be reflected in lower demand.
Nasdaq 100 Drops 1% on Hot CPI, SOXX Falls 7th Day: Stock Market Today
The Nasdaq 100 fell 1% by midday Wednesday after September CPI topped forecasts, pushing Treasury yields and rate-hike bets higher.