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Inflation's back on offense. Are you?
Money moved from AI to the Dow. The Dow jumped 556 points Thursday as investors rotated out of tech on worries that companies are overspending on AI, per CNBC. Chip stocks kept bleeding: the iShares Semiconductor ETF fell for an eighth straight day, its first eight-day slide since 2015, down more than 15% over that stretch. Overseas, South Korea's Kospi plunged 7.57% as memory-chip giants SK Hynix and Samsung sank.