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AI Chip Stocks Tumble as Wall Street Questions Trillion-Dollar Spending Binge

A broad sell-off swept through technology stocks on June 23, 2026, as investor confidence in artificial intelligence infrastructure spending began to crack. The Nasdaq Composite fell 2.21 percent, while Micron Technology dropped more than 10 percent, Marvell Technology shed 8 percent, and Sandisk lost 11 percent as Wall Street grew nervous ahead of Micron's quarterly earnings report.