Stock market today: Nasdaq pares losses as chip stocks sell off, S&P 500 and Dow rise

The Nasdaq 100 has slid into a correction as global chip and memory stocks face a sharp sell-off. This downturn represents the latest development in months of market jitters surrounding artificial intelligence, memory, and chip stocks. While the Nasdaq pared some of its losses, the S&P 500 and Dow both rose. The volatility highlights a broader trend of instability within the semiconductor sector as investors react to AI-related concerns across global markets.