Nasdaq Retreats as Semiconductor Rout Intensifies

Market sentiment remains fragile as participants weigh whether current infrastructure spending on artificial intelligence justifies elevated price targets. The unease intensified following the debut of a new model from China’s Moonshot AI, which claims to outperform established American systems. Among the hardest hit, Intel, Applied Materials, Corning, and Advanced Micro Devices recorded significant declines.

Tech sector volatility extended to consumer platforms, with Netflix shares sliding roughly 11% after the company projected slower growth for the third quarter. While equity markets faced pressure, oil prices saw an uptick, with Brent crude futures climbing above $86 a barrel amid ongoing geopolitical friction between the United States and Iran.