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Bank of America raised its S&P 500 target to 7,400 but warned stocks are overdue for a pullback amid seasonal weakness. Equities faced pressure from surging crude oil prices and renewed AI valuation …
While chip stocks and tech sectors experienced a significant correction, broader market impact remains contained as the S&P 500 showed resilience.
US stocks fell Friday as semiconductor stocks entered a bear market amid AI spending concerns, triggered partly by China's Moonshot Kimi K3 model. Netflix plunged 12% after weak Q3 revenue guidance.
Nvidia shares have been stagnant and slightly down due to AI trade worries and competition from Google's TPUs. However, upcoming AI models using Nvidia's Blackwell superclusters in early 2026 could b…