📈 Stocks & Economy🇮🇳 India
AI Stock Rally Keeps Unwinding — Chip Sector Now 12% Off Its Peak
Yahoo! Finance·Thursday, 11 June 2026
The Nasdaq Composite fell again after the latest inflation reading and rising oil prices added to an ongoing sell-off. The iShares Semiconductor ETF sank another 3.7%, putting it 12% below its June 3 closing high. Industrials were the biggest laggard on Wednesday, hurt by rising oil prices and expectations of a Fed interest rate hike.
Why It Matters
India's IT sector and semiconductor-linked stocks often move in step with US tech — when chips and AI names fall hard in the US, Indian tech stocks tend to follow.
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