US Stock Market Movement | Chip Stocks Fall, Qualcomm (QCOM.US) Drops Nearly 7%

Zhihu Finance APP reported that on Monday, chip stocks mostly declined. Qualcomm (QCOM.US) fell nearly 7%, SanDisk (SNDK.US) dropped over 5%, SK Hynix (SKHY.US) declined by 5%, Intel (INTC.US) and Western Digital (WDC.US) both fell more than 4%, while Seagate Technology (STX.US), Advanced Micro Devices (AMD.US), and Micron Technology (MU.US) all dropped over 3%. On the news front, OpenAI suddenly suspended the training and testing of its most advanced AI model, raising market concerns that a slowdown in AI development could dampen chip demand. Meanwhile, surging oil prices and rising U.S. Treasury yields further intensified selling pressure on technology stocks.