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Chip stocks crushed to two-year low as more tech, AI ban to China add to woes

Chip stocks crushed to two-year low as more tech, AI ban to China add to woes

The chip sector melted down Friday for its third 6% one-day drop of the year after U.S. regulators moved to pump the brakes on China's military ambitions as it issued wider restrictions on semiconductor and AI technology that can be sold to the world's second-largest economy.