US stocks: Nasdaq ends down as chipmakers fall and bank earnings roll in
In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like Citigroup and Goldman Sachs.
The PHLX chip index faced a substantial decline, sparking fears surrounding competition in this sector.
Despite the turbulence, analysts express optimism about future earnings linked to AI-driven innovations.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
