Chip Makers Tumble as Iran Tensions Roil AI Infrastructure Bets
TL;DR Summary
NVIDIA, AMD and Micron led a chip-stock selloff as renewed U.S.-Iran tensions rattled markets; Nvidia fell about 2% after pledging over $100 billion in OpenAI data-center credit and a $1.5 billion investment in SB Energy, while AMD slid roughly 3%, Broadcom dropped, and Micron declined nearly 4% as memory stocks came under pressure amid uncertainty around AI infrastructure spending.
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- WSJ Report Sends Memory Stocks Down. SanDisk Down 9%, Micron Down 7%, Western Digital Down 5% Yahoo Finance
- AI, chip stocks tumble, broader market sees red amid US-Iran tensions Seeking Alpha
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