Chip Stocks Slide as China Curbs AMD, Intel Imports Amid US Tensions; Broader Markets Rally on Rate Cut Hopes
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Dow Jones futures fell Monday on China curbing AMD and Intel chips amid ongoing US-China decoupling.
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Broad market rally last week driven by Fed signaling future rate cuts and ongoing AI boom lifting Nvidia, Microsoft, Broadcom.
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Several stocks setting up buys, including Uber, Eli Lilly, CrowdStrike; investors can take incremental positions.
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Chipmakers like Nvidia extended runs, but investors shouldn't chase; build watchlists and wait for proper buy points.
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Market rally showing broad strength across sectors, with financial and regional bank ETFs also seeing gains.