{"id":1045294,"date":"2026-06-23T16:14:18","date_gmt":"2026-06-23T16:14:18","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/1045294\/"},"modified":"2026-06-23T16:14:18","modified_gmt":"2026-06-23T16:14:18","slug":"nvidia-micron-amd-lead-tech-sell-off-as-ai-trade-cools","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/1045294\/","title":{"rendered":"Nvidia, Micron, AMD lead tech sell-off as AI trade cools"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\"><strong>What happened:<\/strong> Nvidia (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-i13n=\"cpos:1;pos:1\" data-ylk=\"slk:NVDA;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;1&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;NVDA&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">NVDA<\/a>), Micron Technology (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/MU\/\" data-i13n=\"cpos:2;pos:1\" data-ylk=\"slk:MU;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;2&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;MU&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">MU<\/a>), and AMD (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/AMD\" data-i13n=\"slk:AMD;cpos:3;pos:1\" data-ylk=\"slk:AMD;slk:AMD;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;3&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;AMD&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">AMD<\/a>) led a tech sector sell-off on Tuesday.<\/p>\n<p class=\"yf-1fy9kyt\"><strong>What&#8217;s behind the move:<\/strong> Investors shifted to risk-off mode, selling this year&#8217;s market leaders after a hawkish <a rel=\"nofollow noopener\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/economy\/policy\/article\/interest-rates-stay-steady-for-now-but-more-fed-officials-are-signaling-hikes-later-this-year-140000745.html\" data-i13n=\"cpos:4;pos:1\" data-ylk=\"slk:Federal Reserve signaled last week;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;4&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Federal Reserve signaled last week&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">Federal Reserve signaled last week<\/a> that inflation remains too high.<\/p>\n<p class=\"yf-1fy9kyt\">The overall Technology sector (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/XLK\" data-i13n=\"cpos:5;pos:1\" data-ylk=\"slk:XLK;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;5&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;XLK&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">XLK<\/a>) led the declines, dragging the Nasdaq Composite (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/^IXIC\/\" data-i13n=\"cpos:6;pos:1\" data-ylk=\"slk:^IXIC;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;6&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;^IXIC&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">^IXIC<\/a>) lower and extending its losses for a second consecutive session.<\/p>\n<p class=\"yf-1fy9kyt\">AI chip heavyweight Nvidia stock slipped nearly 3%, while Alphabet (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/GOOGL\" data-i13n=\"slk:GOOGL;cpos:7;pos:1\" data-ylk=\"slk:GOOGL;slk:GOOGL;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;7&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;GOOGL&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">GOOGL<\/a>, <a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/GOOG\" data-i13n=\"slk:GOOG;cpos:8;pos:1\" data-ylk=\"slk:GOOG;slk:GOOG;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;8&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;GOOG&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">GOOG<\/a>) also fell nearly 1%, extending the weakness across Big Tech <a rel=\"nofollow noopener\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/live\/stock-market-today-sp-500-nasdaq-slide-as-big-tech-spacex-hammered-225817825.html\" data-i13n=\"cpos:9;pos:1\" data-ylk=\"slk:from the previous session;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;9&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;from the previous session&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">from the previous session<\/a>.<\/p>\n<p class=\"yf-1fy9kyt\">Memory chip highflier Micron, set to report earnings on Wednesday, tumbled as much as 11% beofre paring losses, in a retreat from record highs.<\/p>\n<p class=\"yf-1fy9kyt\">Pers SK Hynix (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/000660.KS\/\" data-i13n=\"cpos:10;pos:1\" data-ylk=\"slk:000660.KS;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;10&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;000660.KS&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">000660.KS<\/a>) and Samsung Electronics (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/005930.KS\/\" data-i13n=\"cpos:11;pos:1\" data-ylk=\"slk:005930.KS;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;11&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;005930.KS&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">005930.KS<\/a>) in Asia also fell.<\/p>\n<p class=\"yf-1fy9kyt\"><strong>What else you need to know: <\/strong>The hottest sector in the AI trade cooled off as chip makers AMD, Broadcom (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/AVGO\/\" data-i13n=\"cpos:12;pos:1\" data-ylk=\"slk:AVGO;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;12&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;AVGO&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">AVGO<\/a>), and Intel (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/INTC\" data-i13n=\"cpos:13;pos:1\" data-ylk=\"slk:INTC;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;13&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;INTC&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">INTC<\/a>) also declined.<\/p>\n<p class=\"yf-1fy9kyt\">Technology has been the best-performing sector year to date, sending the major averages to all-time highs in recent weeks amid a boom in AI infrastructure investments.<\/p>\n<p class=\"yf-1fy9kyt\">Expectations that the Federal Reserve may have to raise rates, along with the massive SpaceX (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/SPCX\/\" data-i13n=\"cpos:14;pos:1\" data-ylk=\"slk:SPCX;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;14&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;SPCX&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">SPCX<\/a>) IPO and the expected public debuts of AI developers Anthropic (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/ANTH.PVT\/\" data-i13n=\"cpos:15;pos:1\" data-ylk=\"slk:ANTH.PVT;cpos:15;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;15&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;ANTH.PVT&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">ANTH.PVT<\/a>) and OpenAI (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/OPAI.PVT\/\" data-i13n=\"cpos:16;pos:1\" data-ylk=\"slk:OPAI.PVT;cpos:16;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;16&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;OPAI.PVT&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">OPAI.PVT<\/a>), have raised concerns about the market&#8217;s ability to absorb lofty valuations for AI companies.<\/p>\n<p class=\"yf-1fy9kyt\">SpaceX stock briefly <a rel=\"nofollow noopener\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/article\/spacex-stock-dips-below-150-before-rebounding-140331911.html\" data-i13n=\"cpos:17;pos:1\" data-ylk=\"slk:dipped before rebounding;cpos:17;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;17&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;dipped before rebounding&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">dipped before rebounding<\/a> on Tuesday after <a rel=\"nofollow noopener\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/article\/spacex-isnt-the-only-big-tech-stock-getting-crushed--check-out-the-destruction-in-salesforce-122756818.html\" data-i13n=\"cpos:18;pos:1\" data-ylk=\"slk:sinking 16% in the prior session;cpos:18;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;18&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;sinking 16% in the prior session&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">sinking 16% in the prior session<\/a>.<\/p>\n<p class=\"yf-1fy9kyt\">Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at <a class=\"link \" href=\"https:\/\/twitter.com\/ines_ferre\" data-i13n=\"cpos:19;pos:1\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:@ines_ferre;cpos:19;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;19&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;@ines_ferre&quot;,&quot;yHasCommerce&quot;:false}\">@ines_ferre<\/a>.<\/p>\n<p class=\"yf-1fy9kyt\"><a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/tech\" data-i13n=\"cpos:20;pos:1\" data-ylk=\"slk:Click here for the latest technology news that will impact the stock market;cpos:20;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;20&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Click here for the latest technology news that will impact the stock market&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\"><strong>Click here for the latest technology news that will impact the stock market<\/strong><\/a><\/p>\n<p class=\"yf-1fy9kyt\"><a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/news\/\" data-i13n=\"cpos:21;pos:1\" data-ylk=\"slk:Read the latest financial and business news from Yahoo Finance;cpos:21;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;21&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the latest financial and business news from Yahoo Finance&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\"><strong>Read the latest financial and business news from Yahoo Finance<\/strong><\/a><\/p>\n<p class=\"yf-1fy9kyt\">Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at <a class=\"link \" href=\"https:\/\/twitter.com\/ines_ferre\" data-i13n=\"cpos:22;pos:1\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:@ines_ferre;cpos:22;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;22&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;@ines_ferre&quot;,&quot;yHasCommerce&quot;:false}\">@ines_ferre<\/a>.<\/p>\n<p>   <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"What happened: Nvidia (NVDA), Micron Technology (MU), and AMD (AMD) led a tech sector sell-off on Tuesday. What&#8217;s&hellip;\n","protected":false},"author":2,"featured_media":1045295,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3163],"tags":[323,1942,7372,100210,3742,3359,53,132065,16,15],"class_list":["post-1045294","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-federal-reserve","tag-micron-technology","tag-nasdaq-composite","tag-nvidia","tag-technology","tag-technology-sector","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116800314810654549","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1045294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=1045294"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1045294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/1045295"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=1045294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=1045294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=1045294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}