CHAT is trading 2.7% down today as investors reassess AI and semiconductor valuations following several days of weakness in the information technology sector.
- Global chipmakers are under pressure due to concerns over massive capital expenditure plans, potential tighter export controls to China, and the prospect of higher U.S. interest rates.
- Geopolitical tensions involving Iran and weaker-than-expected housing data have further reinforced a broader risk-off sentiment toward growth-oriented technology stocks.