Nasdaq-100 enters correction as chip stocks sell off
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- Nasdaq-100 slid into correction territory as global chip and memory stocks sold off, per NBC News' headline.
- Later in the session, Nasdaq pared losses while the S&P 500 and Dow rose, and the Dow jumped as the AI trade wobbled, per Yahoo Finance and CNBC headlines.
Why it matters: A Nasdaq correction driven by a global chip and memory sell-off shows the damage reached beyond US tech, while the simultaneous Dow rally points to intraday rotation out of AI-exposed names into other sectors on the same day.
