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Market move● Neutral for Indian equities
Intel, SanDisk, AMD, Western Digital Slump Up To 6% As Chips Stocks Lead Wall Street Rout
The brief
- Intel, SanDisk, AMD and Western Digital shares fell up to 6%
- Investors monitored rising bond yields, oil prices and the durability of the technology rally
- Chinese Stocks Hit One-Year Low as Chip, Optical Firms Slide
- Statsguru: India's chip aspirations face funding gap despite policy push
- China weighs allowing ByteDance and Alibaba to buy Nvidia chips
- Large-Scale Electronics PLI Beneficiaries Get Rs 19,091-Crore Incentives, Draw Rs 20,580-Crore Investment
- AI boom, supply chain shifts create big opportunity for India's chip sector: BCG