ReferIndia News AI Rotation? Walmart, P&G, Merck Gain As Defensive Stocks Gain Traction Amid Chip Crash

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AI Rotation? Walmart, P&G, Merck Gain As Defensive Stocks Gain Traction Amid Chip Crash

Published on: June 23, 2026, 10:08 p.m. | Source: NDTV Profit

The broader US market recovered from its intraday lows as gains in defensive stocks, along with advances in technology giants such as Microsoft and Amazon, helped offset some of the weakness in semiconductor shares.

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