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Intel and Advanced Micro Devices both declined about 3%.
Arm Holdings' shares fell sharply due to supply concerns for its new AI chip.
KEY POINTS
- The PHLX chip index dropped 2.7%, reducing its quarterly gain to 47%.
- U.S.-Iran peace talks may result in a temporary halt to their conflict, unresolved core issues remain.
- Traders anticipate the Federal Reserve will keep interest rates steady through year-end amid labor market strength.
- Datadog surged 31% after raising its full-year earnings forecast, outperforming cloud-monitoring peers.
COMPANIES
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