Chip Earthquake with Happy End: How the AI Rally Digested the $1.3 Trillion Shock in One Day!

It was a weekend of nerve-wracking moments . On Friday, June 5th, a sell-off wiped out around $1.3 trillion in market value in the semiconductor sector – the most severe drop since the pandemic crash in 2020. The triggers were a weak outlook from chip supplier Broadcom and a surprisingly strong U.S. labor market report, which fueled fears of prolonged high interest rates. But by Monday, the market reversed: Unexpectedly, the previously hardest-hit chip stocks led a strong recovery. Once again, NVIDIA CEO Jensen Huang was at the center . From...