Chip Stocks Decline; VanEck Semiconductor ETF Down 2.25%, SanDisk Falls 11.02%

Chip stocks declined. The VanEck Semiconductor ETF (SMH) closed 2.25% lower. Among individual stocks, SanDisk fell 11.02%, SK Hynix dropped 7.47%, AMD declined 5.17%, Teradyne lost 4.33%, Applied Materials slipped 3.61%, KLA shed 3.40%, and Micron Technology gave up 2.25%.