Tech Stocks Slide Amid AI‑Driven ‘Twilight Zone’ Sell‑off, Wedbush Sees Buying Opportunities
U.S. chip and memory stocks tumbled this week, pulling the S&P 500 and Nasdaq toward weekly losses. Japanese maker Kioxia fell 12% after reports that OpenAI may delay its IPO to 2027, and other AI‑linked names like Nvidia, Meta and Palantir saw steep declines. Wedbush Securities argues the pullback reflects short‑term impatience rather than a breakdown in AI demand. With roughly $700 billion of AI capex slated, the broker flags a multi‑year buying opportunity in core AI plays, even as some analysts warn the sector remains volatile.
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