AI selloff hits chip stocks; what it means for Fresno and Kern pensions
An AP-reported slide in AI chip stocks on Tuesday bled into global indexes. Here’s how that shows up in Central Valley pension marks and 401(k)s.
FCERA counted $7.67 billion as of Sept. 30, 2025, including a large Russell 1000 index sleeve. Valley 401(k)s tied to broad index or target‑date funds will reflect the one‑day dip.

