Near 400-Point Nasdaq Drop Shows How the Semiconductor-Led Selloff Hit US Financial Markets
Key Takeaways Nasdaq lost nearly 400 points by 10:48 a.m. as Micron led a June 23 chip selloff. Fed signals kept pressure on artificial intelligence (AI) valuations, with Warsh’s 2026 dot plot at 3.8%. Micron’s June 24 report may test AI memory demand as Iran talks enter 60 days. At 10:48 a.m. Eastern time on…