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Finance

US stock market crash: Chip stocks extend sell-off, AMD, Arm, Qualcomm and Sandisk plunge up to 17%; Nasdaq down 6%

Photo: Mint

A sharp sell-off hit chipmakers as disappointing forecasts from Qualcomm and Arm compounded worries about potential restrictions on AI data centres. AMD, Sandisk and Micron also fell heavily, while the semiconductor index dropped 9.7%.

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