AI and semiconductor stocks pull back as demand-versus-valuation debate intensifies

After a severe weekly decline, chip stocks showed a tentative rebound, with SOXX up 2.4% following an 11.8% drop. Weak momentum, DRAM ETF outflows and debt concerns around AI infrastructure firms remain risks, while ongoing AI demand and CoreWeave’s backlog offer counterpoints; watch whether leaders reclaim recent highs and earnings validate spending.