A KEY INDEX TRACKING MAJOR CHIPMAKERS — INCLUDING NVIDIA AND BROADCOM — HAS DROPPED 20% FROM ITS JUNE HIGH AS INVESTORS GROW INCREASINGLY CONCERNED ABOUT RISING INTEREST RATES, STRETCHED VALUATIONS AND THE ENORMOUS EXPENSE OF DEVELOPING AI INFRASTRUCTURE, WITH COREWEAVE BONDS SLIDING TO DISTRESSED LEVELS AND THE COMPANY’S CHIEF DESCRIBING MARKET SENTIMENT AS ‘IRRATIONAL’. ...