The Nasdaq-100 is on the edge of correction territory as semiconductor stocks suffered another major selloff on Tuesday. The PHLX Semiconductor Index (SOX), a key benchmark for U.S.-traded chip stocks, entered bear-market territory earlier this month. As of Tuesday, the index was down 24.5% from its late June record high. Investors are increasingly questioning the timeline and scope of AI infrastructure buildout, fueling the ongoing selling pressure on semiconductor stocks.
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