Weekly Market Recap Wall Street faced a turbulent week as semiconductor stocks tumbled, Big Tech earnings delivered mixed results, and concerns over AI spending intensified. • Semiconductors: $INTC plunged 31%, while $AMD dropped 12%, dragging $SOXX down approximately 10%. • AI Spending: Amazon and Alphabet reported significant negative free cash flow as infrastructure investments increased. • Big Tech Earnings: $MSFT beat expectations, with Azure growth accelerating to 48%, while $GOOGL faced investor pressure despite strong cloud growth. • Consumer Strength: Visa reported 13% sales growth, while travel and consumer companies continued to signal resilient demand. The key market question: Can massive AI investments deliver the returns investors increasingly expect? $INTC $AMD $NVDA $MSFT $GOOGL $AMZN $META $V