Philadelphia Semiconductor Index Falls 4% as Major Chip Stocks Decline
The Philadelphia Semiconductor Index dropped 4% in a broad sell-off of major chip stocks. Nvidia fell 2.48%, TSMC declined 2.93%, Broadcom lost 1.57%, Micron Technology plunged 7.05%, AMD slid 4.04%, Intel dropped 5.02%, and ARM declined 2.93%. The declines reflect widespread weakness across the semiconductor sector.
The Philadelphia Semiconductor Index fell 4%. Nvidia shares declined 2.48%, TSMC fell 2.93%, Broadcom dropped 1.57%, Micron Technology slid 7.05%, AMD lost 4.04%, Intel declined 5.02%, and ARM fell 2.93%.