$5 trillion wiped out from AI and chip stocks — but the broader market is telling a very different story.
U.S. stock futures are moving higher after a brutal October selloff in AI names. Since Oct. 6, major AI and semiconductor stocks have lost roughly $5 trillion in market value, while hundreds of other large U.S. stocks collectively gained about $1.3 trillion.
Now investors are heading into a huge week featuring Apple earnings, the U.S. midterm elections, the October jobs report and oil prices still hovering around $100.
The big question: Is this the beginning of a deeper tech correction — or simply a rotation into the rest of the market?
#StockMarket #AIStocks #Investing #WallStreet #TechStocks #Markets
U.S. stock futures are moving higher after a brutal October selloff in AI names. Since Oct. 6, major AI and semiconductor stocks have lost roughly $5 trillion in market value, while hundreds of other large U.S. stocks collectively gained about $1.3 trillion.
Now investors are heading into a huge week featuring Apple earnings, the U.S. midterm elections, the October jobs report and oil prices still hovering around $100.
The big question: Is this the beginning of a deeper tech correction — or simply a rotation into the rest of the market?
#StockMarket #AIStocks #Investing #WallStreet #TechStocks #Markets
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