Chip stocks tumble on AI anxiety as oil climbs; Evercore's Emanuel discusses S&P 500 call amid volatility

A selloff in chipmakers dragged down stocks on concerns over whether massive AI investments will justify lofty valuations. Bloomberg reports Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, discussed his S&P 500 call amid recent volatility. The decline follows Samsung missing lofty AI expectations.

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