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AI US stocks face another deep pullback, most star stocks fall over 5%
The Philadelphia Semiconductor Index expanded its decline to 2.5%, with Micron Technology and Arm falling over 8%, Intel down 7%, Marvell Technology down over 5%, and Nvidia down 0.7%.
Previously, analysts pointed out that due to quarter-end rebalancing needs by large institutions, approximately $165 billion worth of stocks would be sold at the close of the month.