Market Sell-Off Wipes $2.5 Trillion as Jobs Data, AI Concerns Shake Investors

TLDR: The U.S. added 172,000 jobs in May, nearly doubling forecasts and pushing rate hike odds to 57% in one day. Broadcom’s refusal to raise AI targets triggered a 12.6% stock drop, sparking fears of overvalued AI positions. SemiAnalysis reported Nvidia’s new chips need half the expected memory, sending SK Hynix and Samsung shares sharply [...]

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