AI, chip stocks sink as Iran war drags on

What: AI and chip stocks plummeted **8.5%** as investors grow increasingly concerned about the escalating conflict in Iran.
Why: The ongoing war has led to a surge in oil prices, causing a ripple effect on the global economy and weighing heavily on tech stocks.
Signal: The S&P 500 tech sector index fell **3.2%** in a single day, its largest decline since the pandemic.
Target: Analysts are warning that the tech sector could see further losses if the conflict continues to escalate.
Risk: Investors are bracing for a potential recession as the war in Iran adds to existing economic headwinds.