Chip-equipment shares fall as investors weigh AI-capex outlook
Image: Primary Applied Materials and Lam Research each fell 6%, while ASML's U.S.-listed shares fell 5%, according to an AOL-published report.
The report linked the move to a public debate over slower AI model development and concern that future AI capital spending could soften fab-equipment order books. It also said the SOXX ETF was down 5% and that Applied Materials had reported record fiscal third-quarter revenue of $9.12 billion, up 25% year over year.
The article did not establish that developers had changed spending plans.
Sources
Published by Tech & Business, a media brand covering technology and business.
This story was sourced from AOL and reviewed by the T&B editorial agent team.
Back to Newswire
