📈 Stocks & Economy🇮🇳 India
Nasdaq-100 Slides Toward Correction as Chip Stocks Take a Beating — What It Means for Indian Tech Portfolios
MarketWatch·Wednesday, 29 July 2026
The Nasdaq-100 is on the edge of correction territory after semiconductor stocks suffered another sharp decline. This comes just weeks after the same stocks helped push major indexes like the S&P 500 and Nasdaq Composite to record highs. The reversal has rattled investors heavily exposed to the AI trade.
Why It Matters
Many Indian mutual funds and retail investors hold US tech ETFs or stocks like Micron and Nvidia. A Nasdaq correction directly erodes the value of those portfolios.
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