Big news in the great “AI Boom or AI Bust” debate as semiconductor stocks hit new highs, reinforcing the strength of the AI bull case while weighing both sides of this critical market trend.
The broad market suffered a large drop yesterday thanks to President Donald Trump’s fresh round of tariff threats over Greenland. The benchmark S&P 500 stock index fell 2.1%. Some high-profile growth stocks – Nvidia (NVDA), Tesla (TSLA), Oracle (ORCL), and Broadcomm (AVGO) – fell more than 4%.