Explained – Why the Dow Jones rose 600 points on Thursday but the Nasdaq 100 declined sharply

Many of the high-flying chip manufacturers like Intel, AMD and Micron, which fell between 7% to 11% on Wednesday, added another 4% to 6% to their losses on Thursday, as profit booking and rotation out of these stocks continued. Analysts believe that this is also partially a repricing of the entire sector taking place. 

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