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Qualcomm, Nvidia, AMD and Intel plunge up to 15% as hot US inflation data dents AI rally sentiment | Stock Market News
The Nasdaq-100 fell 2.3% amid a tech stock sell-off, despite a 16% April surge. Inflation concerns and geopolitical tensions affected investor sentiment, particularly in chip stocks like Qualcomm and Intel. The Fed may consider a rate hike as inflation rises due to the Iran conflict.
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