AI Correction Rocks Global Markets – Chip Rout Begins in Asia, Kospi Crashes, SK Hynix and Samsung Each Lose Over 9% – Nasdaq 100 Plummets, Goldman Warns of the Stretched "AI Rubber Band" – DAX Again Struggles with the 25,000 Mark, Infineon Falls from 26-Year High – SpaceX Loses 600 Billion USD – IBM Resilient as a Crisis Winner with JPMorgan Upgrade and Quantum Decree from the White House – Amazon Makes Prime Day a Tough Test for AI Alexa
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USA & MACRO SITUATION AI Correction Rocks Global Markets Wall Street is feeling the pressure as the months-long euphoria surrounding Artificial Intelligence abruptly shifts into reverse. The S&P 500 drops 1.01%, while the tech-heavy Nasdaq 100 falls even more sharply by 2.65%. The decline is led by a sell-off in chip stocks – a correction with roots in Asia: South Korea’s main index, the Kospi, plunges 10% from a record high, temporarily halting trading in Seoul. SK Hynix and Samsung Electronics both lose more than 9%, and...
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