Tech stocks were volatile on Wednesday as renewed US-Iran tensions and a debate over a potential artificial intelligence bubble pressured the sector. <\/p>\n
The Nasdaq Composite (^IXIC<\/a>) fell 0.8%, led by a decline in software stocks. <\/p>\n AI memory chip stocks extended losses<\/a> on Wednesday after selling off the day before. A Reuters report<\/a> that China’s DeepSeek is developing its own artificial intelligence chip weighed on the sector, as did concerns about sustaining AI demand, despite Samsung’s impressive quarterly results. <\/p>\n Broadcom (AVGO<\/a>), however, jumped over 4% after inking a multiyear, $30 billion chip deal with Apple<\/a> (AAPL<\/a>). The company will design and produce custom silicon and other components for Apple products as part of the iPhone maker’s push to shore up its US manufacturing program. <\/p>\n The chip trade will get another catalyst this week, as Samsung rival SK Hynix (000660.KS<\/a>) is scheduled to begin selling American depositary receipts (ADRs) soon, launching a US listing for the world’s top supplier of high-bandwidth memory. <\/p>\n In other notable movers, SpaceX (SPCX<\/a>) stock dipped below its IPO opening price after joining the Nasdaq-100 index<\/a>. SpaceX’s fast-tracked inclusion in the index required mutual funds and exchange-traded funds that track it, such as Invesco’s QQQ (QQQ<\/a>), to buy the stock. <\/p>\n","protected":false},"excerpt":{"rendered":"Tech stocks were volatile on Wednesday as renewed US-Iran tensions and a debate over a potential artificial intelligence…\n","protected":false},"author":2,"featured_media":1076721,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3163],"tags":[323,294945,1942,3742,219537,22508,53,16,15],"class_list":["post-1076720","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-ai-memory-chip","tag-artificial-intelligence","tag-nasdaq-composite","tag-software-stocks","tag-tech-stocks","tag-technology","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116885654678783890","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1076720","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=1076720"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1076720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/1076721"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=1076720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=1076720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=1076720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}