AI sell-off deepens as chip stocks slump in market retreat - business live

Rolling coverage of the latest economic and financial news The rout in AI stocks also followed a report by the Information that China has begun mass production of homegrown deep ultraviolet, or DUV, chipmaking tools. Jing Jie Yu, an equity analyst at Morningstar, said: We believe the market was likely spooked by the progress of China’s chipmaking equipment capabilities, and was worried that this progress would threaten the competitive position of global chipmaking and chip equipment leaders. ...

By Lauren Almeida