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Stock market today: Nasdaq leads Dow, S&P 500 lower after Samsung, DeepSeek spark chip sell-off
Yahoo Finance • • general
Key Points:
- US stocks declined on Tuesday, with the Dow Jones down 0.3%, the S&P 500 falling 0.5%, and the Nasdaq dropping 1.2%, following a record-setting day on Wall Street.
- Semiconductor stocks faced renewed selling pressure after Samsung reported strong Q2 results but raised concerns about its AI spending and future demand.
- Reports that Chinese startup DeepSeek is developing its own AI chip sparked volatility in tech stocks, as this could reduce reliance on Nvidia.
- The tech sector pullback weighed on the overall market after a recent rally that pushed the Dow to a record high above 53,000.
