24,848.68 — the Nasdaq Composite fell 0.51% by late Monday morning, reversing an early rally as semiconductor and AI-linked stocks resumed sliding.
Chinese domestic DUV lithography production triggered the latest pressure, hitting names such as ASML and Nvidia and dragging the tech-heavy index below the broader market.
Dow gains of more than 500 points failed to lift the Nasdaq after a US-Iran pause in hostilities sent Brent and WTI down 5% to 6%, easing energy-inflation fears.
Big Tech earnings from Microsoft, Meta, Apple and Amazon later this week, plus Wednesday's Fed decision, kept investors cautious; traders see a 66% chance rates stay unchanged.
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As Chinese lithography advances threaten ASML, could hidden supply-chain vulnerabilities trigger a catastrophic collapse in the global semiconductor market?
With circular financing inflating demand, is the multi-trillion-dollar AI infrastructure boom actually a fragile financial house of cards?