US equities this week: AI chip slide grabs focus as rest of market holds up
Investors yanked nearly $20 billion from technology funds in the week to June 24, reversing last week’s record inflows, as the PHLX semiconductor index plunged 7.9% for its worst week since April, raising fresh questions about AI profits and capital spending while S&P 500 and Nasdaq posted sharp weekly declines. (Reuters)