๐ Tesla $TSLA bleeds -7.5% despite strong deliveries as chip stocks get wrecked this week
In a holiday-shortened week, Tesla was the S&P 500's biggest loser, shedding 7.5% even after posting a solid deliveries report โ the market just couldn't stomach the valuation. Semiconductor names got hit even harder across the board: Applied Materials ($AMAT -7.4%), Micron ($MU -7%), and AMD (-4.3%) all sold off as investors questioned whether AI hardware euphoria has stretched prices beyond reason. Apple ($AAPL +4.8%) was the standout winner, helping the S&P 500 still eke out a +1.8% weekly gain. Markets reopen Monday July 6 โ is this chip-stock pullback a gift to buy, or a sign the AI trade is finally cracking? Not financial advice.
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