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Nasdaq futures tumble 3% as chip stocks routed around the globe, Micron drops 9%: Live updates: Live updates CNBCTech rout intensifies as sell-off grips global stocks CNBCStock Market Today: Stock Futures Slide as Tech Sell-Off Expands to Memory, Chip Stocks InvestopediaNasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides Reuters
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Chipmakers led the way down in South Korea, where the main index plunged 10 percent. Stocks in Europe were lower and S&P 500 futures pointed to a sharp fall.
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In the wake of the SpaceX IPO, investors can expect global communications and AI data processing — both via satellites — to be important themes for many years.
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