Nasdaq 100 Falls 1.4% at Open as AI Hardware Stocks Slide; China ADRs Rise 2.5%

Cointime reports: The Nasdaq 100 fell 1.4% at the US market open, with AI hardware stocks sharply lower: Qualcomm opened down 14%, on pace for its worst day since 2020, while SanDisk, AMD, Seagate, Western Digital, Micron and SK Hynix dropped as much as about 7.2%. Apple rose 1.4% after entering the investment-grade bond market for the first time in over a year. The Nasdaq Golden Dragon China Index gained 2.5% to 5,871.98, with Alibaba up 5%.