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Nasdaq and Semiconductor Shares Slide
Nasdaq fell more than 4% due to AI spending returns concerns, despite resilient semiconductor and AI chip demand. Barclays warned that AI stock gains may have peaked as semiconductor shares dropped by roughly 11% in October, prompting investors to reassess debt, valuations, and profits. The Nasdaq 100 fell 5.5% and the S&P 500 and Dow also declined.