Dip Buying Prevails as Semiconductor Selloff Fails to Derail the AI Boom

Semiconductor stocks initially plunged 5.2% following disappointing guidance from Broadcom and CrowdStrike, but dip buyers quickly stepped in, limiting losses to 3.25% within the first hour. The broader market showed resilience with the Dow up 1.61%, driven by falling crude oil prices and interest rate declines amid Iran ceasefire rumors. Financial services and healthcare sectors led gains, while the AI boom remained intact despite the semiconductor weakness.