US stock indices closed lower on Tuesday amid a selloff in chipmakers.
The S&P 500 fell 0.4%, the Nasdaq 100 dropped 1.8%, and the Dow Jones lost 131 points, pulling back from a record high.
Semiconductor stocks came under pressure as investors questioned whether AI hyperscalers can justify elevated infrastructure spending.
Sentiment was also hit by reports that China's DeepSeek is developing its own AI chip.
Broadcom fell 0.8%, Micron lost 4.7%, AMD retreated 6.5%, and Intel slumped 9.7%.
Meanwhile, Samsung's 19-fold surge in quarterly profit supported Nvidia, which gained 0.7%.
Higher bond yields weighed on broader markets after attacks on tankers in the Strait of Hormuz renewed concerns over energy-driven inflation.
Visa fell 1.4%, while Caterpillar lost 3.1%.