Qualcomm’s stock took a sharp hit as the semiconductor sector pulled back from a powerful artificial intelligence-driven rally. Shares of Qualcomm dropped more than 11%, marking the company’s worst trading session since 2020. The decline came as investors moved away from riskier growth stocks after a hotter-than-expected inflation reading raised concerns about interest rates and market valuations. The selloff also affected several other chip companies, with Intel falling 7%,

Jeff Bezos is stepping back into a hands-on leadership role for the first time since leaving Amazon in 2021, taking on the position of co-CEO at a new artificial intelligence startup called Project Prometheus. The venture, which has already secured an extraordinary $6.2 billion in funding, is shaping up to be one of the most heavily financed early-stage startups ever launched ( Investing.com ; Forbes; TechBuzz). Bezos is contributing part of the investment himself, signaling