US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcn09:32

Shares of Semiconductor Stocks Are Trading Lower as the Sector Pulls Back Following This Year's Strength, Which Has Been Driven by AI Momentum.

Shares of Semiconductor Stocks Are Trading Lower as the Sector Pulls Back Following This Year's Strength, Which Has Been Driven by AI Momentum.

Benzinga01:49

Nvidia stands out, while AMD cools down: the stock market turmoil behind the hot demand for AI.

With the backdrop of Taiwan Semiconductor's latest financial report confirming the sustained growth of AI demand, Nvidia's stocks stand out in the semiconductor industry, while other semiconductor companies continue to be under pressure.

Golden10 DataJul 19 23:46

Trump formally accepts the Republican presidential nomination and recalls the assassination incident.

Throughout the entire speech, Trump never mentioned Biden's name, and this was a surprising and intentional "oversight".

Golden10 DataJul 19 12:01

U.S. semiconductor stocks have evaporated over $500 billion! Wall Street is not scared off: the fundamentals are sound.

The volatility of semiconductor stocks in the US market may continue, but the fundamentals are still intact.

Zhitong FinanceJul 19 09:28

Goldman Sachs' top stock analyst: AI will not trigger an economic revolution, the bubble will burst eventually.

Jim Covello believes that the economic benefits brought by AI are not even comparable to those of smart phones and the internet; AI replaces low-paying jobs with expensive technology, which is completely opposite to the technological transformation that has occurred in the technology industry in the past thirty years.

wallstreetcnJul 19 07:47