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Tuesday, 12 May 2026
AICNBCJust broke

Qualcomm closed down 11.46% on

Qualcomm closed down 11.46% on Tuesday as chip stocks pull back from record AI-driven rally; Intel closed down 6.82%, Sandisk dropped 6%, and Micron 3.61%

Chip stocks dropped on Tuesday, pulling back from a massive rally that broadened the artificial intelligence trade beyond Nvidia and propelled the sector to new highs.

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AI Dividend Proposal Roils Korean Market | Bloomberg Tech

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