As of the close, the Dow Jones Industrial Average fell 48.62 points, a decrease of 0.09%, to 51,621.48 points; the Nasdaq Composite Index fell 511.51 points, a decrease of 1.88%, to 26,692.87 points; the S&P 500 Index fell 86.51 points, a decrease of 1.11%, to 7,718.94 points.
Traditional sectors are favored by funds, while chip stocks, which had been on the rise before, have encountered selling pressure.
The significant decline in international oil prices has significantly boosted investor confidence, but the slump in chip stocks has dragged down the performance of the Nasdaq.
Investors are more willing to invest in companies that receive AI investment funds, rather than those that invest a large amount of capital in AI investments.
"Any company that fails to meet Wall Street's higher expectations will be punished by the market."
TSMC raised its full-year capital expenditure forecast, sparking concerns in the market regarding the chip sector.
