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Chips sector bloodbath drags Nasdaq down 4.2% - Axios

Tech stocks plunged Friday amid rising bond yields, dragging down the Nasdaq in its worst session in 14 months.

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Zoom in: The Nasdaq plummeted 4.2% Friday, its worst session in 14 months, after a stronger-than-expected May jobs report triggered the jump in yields which would make it more expensive for AI compan… [+1743 chars]

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