Stocks declined on Wednesday, but the different sectors of the stock market showed different performances: The Dow Jones edged down, losing 0.03%, while the S&P 500 declined further (0.21%) and the tech-heavy Nasdaq Composite underperformed, falling 0.66% as investors reassess winners and losers of the next leg of the AI boom.
CNBC noted that several semiconductor companies plunged. Micron fell by 9%, while Sandisk did so by 10%. Both companies, however, have recorded triple-digit gains so far this year. Nvidia lost 1% and Broadcom fell 2%.
