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A brutal July sell-off in AI chip shares has caught out many retail investors. Whether prices return to their highs is the loudest question.
Mark Zuckerberg did not buy or sell a single chip, yet on July 1 his company set off the sharpest fall in semiconductor shares in years. Bloomberg reported that day that Meta planned to rent out spare computing power to other firms through a new arm, Meta Compute. Mike Intrator’s CoreWeave, which does little else, fell almost 14 per cent the next session
Mark Zuckerberg did not buy or sell a single chip, yet on July 1 his company set off the sharpest fall in semiconductor shares in years. Bloomberg reported that day that Meta planned to rent out spare computing power to other firms through a new arm, Meta Compute. Mike Intrator’s CoreWeave, which does little else, fell almost 14 per cent the next session
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