Nasdaq falls 1.2% as AI and semiconductor stocks retreat

The Nasdaq Composite fell 1.2% on Tuesday as Micron Technology dropped 7.6% and other AI-linked stocks retreated, while the S&P 500 declined 0.6% and the Dow Jones Industrial Average was down about 89 points. The pullback follows sharp gains for AI stocks earlier in the year, raising concerns about valuations and data center spending, with Treasury yields near multiyear highs adding pressure.

Via markets.com Nasdaq falls 1.2% as AI and semiconductor stocks retreat The Nasdaq fell 1.2% as Micron and other AI-linked stocks retreated, while high Treasury yields added pressure across the broader US market. US stocks fell Tuesday as renewed selling in artificial intelligence and semiconductor shares pushed the Nasdaq Composite down 1.2% by early afternoon. The S&P 500 declined 0.6%, putting it on track for a third consecutive loss after reaching a record high last week. The Dow Jones Industrial Average was down about 89 points, or 0.2%, at 1:54 p.m. Eastern time. Micron Technology fell 7.6%, making the memory-chip producer one of the largest drags on the S&P 500. Other companies tied to AI infrastructure also traded lower. The pullback followed sharp gains for many AI-linked stocks earlier in the year, which raised investor concerns about valuations and whether spending on data centers can sustain its pace. Treasury yields remained near multiyear highs, adding pressure to stock valuations as investors monitored the outlook for interest rates. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy https://cryptobriefing.com/editorial-policy/ .