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Stocks Hit as Chipmakers See Worst Rout Since 2020
News January 27, 2025 at 04:06 PM
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What You Need To Know
- Nvidia sank 17% and headed toward the biggest market-cap loss for a single stock in market history.
- A closely watched gauge of chipmakers plunged 10% — the most since March 2020.
- All focus will be on earnings announcements from the likes of Microsoft and Apple this week to restore confidence in the so-called Magnificent Seven.
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