pakistan
S&P 500 dips as chip stocks give up gains
Key takeaways
- Add ARY News on Google AAResize The S&P 500 dipped on Thursday, with Intel and other chip stocks retreating after a recent rally, while uncertainty around US-Iran peace talks weighed on the wider market.
- US-listed shares of Arm Holdings dropped 10% as worries about the company’s ability to secure sufficient supplies for its new AI chip overshadowed a strong earnings forecast.
- Intel fell 1.9% and Advanced Micro Devices declined 3.1%, giving back some of their gains from earlier this week.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize The S&P 500 dipped on Thursday, with Intel and other chip stocks retreating after a recent rally, while uncertainty around US-Iran peace talks weighed on the wider market.
US-listed shares of Arm Holdings dropped 10% as worries about the company’s ability to secure sufficient supplies for its new AI chip overshadowed a strong earnings forecast.
Intel fell 1.9% and Advanced Micro Devices declined 3.1%, giving back some of their gains from earlier this week.
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