Semiconductor Stocks Drop as Anthropic Develops AI Chip
Semiconductor stocks moved lower after The Information reported Anthropic is in early-stage work on its own AI chip and has held talks with Samsung as a potential manufacturing partner. ASML (ASML), Micron (MU), SanDisk (SNDK), Western Digital (WDC), Seagate (STX), Intel (INTC), Nvidia (NVDA), AMD (AMD) and Broadcom (AVGO) are all lower in midday trading.