Semiconductor Sector Faces Sell-Off Amid Supply Chain Concerns, Despite Long-Term AI Demand

Investing.com -- KLA Corporation shares slid 4.1% in afternoon trading to reach $182.29 as a coordinated sell-off struck the semiconductor equipment sector, with investors choosing today to lock in gains from a year in which the stock had surged more than 50% heading into the session. The move was part of a group-wide rotation out of chipmaking tool makers rather than a response to any KLA-specific announcement.

Comments made by Applies Materials’ management during an investor meeting also weig

Semiconductor stocks have been getting crushed in recent days, but CNBC’s Jim Cramer said Tuesday there’s a compelling reason not to give up on the group.

The VanEck Semiconductor ETF has fallen 7.2% over six consecutive sessions, and Cramer warned that rising oil prices and interest rates could prolong the sell off. However, he argued chip stocks are increasingly trading together regardless of their individual fundamentals, obscuring the strong demand that fueled the sector’s remarkable rally

Investing.com -- Nvidia Corp has agreed to purchase stakes in four French technology companies, according to a report by French newspaper Les Echos on Tuesday.

The chipmaker will acquire minority positions in Doctolib, Genesis AI, Pigment, and Entalpic, the newspaper said. Nvidia Chief Executive Jensen Huang announced the investments at a reception held at Place Vendôme in Paris, attended by French Economy Minister Roland Lescure and representatives from French technology companies.

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There’s a new picks-and-shovels play on the artificial intelligence build-out, but CNBC’s Jim Cramer said Tuesday that investors should keep the stock at arm’s length.

The “Mad Money” host gave two primary reasons for holding off on Accelevation Holdings: He’s becoming more cautious about data center stocks ahead of the midterm elections and prefers established companies with proven track records. That’s why Cramer’s Charitable Trust, the portfolio run by the CNBC Investing Clu