Philadelphia Semiconductor Index drops 5%, with MRVL, ARM and INTC down nearly 7%

Philadelphia Semiconductor Index drops 5%, with MRVL, ARM and INTC down nearly 7%

N
News Editor
2026-08-18 14:00:57
The Philadelphia Semiconductor Index extended its decline to 5%, according to data from MSX.COM, as semiconductor stocks broadly moved lower. Among the names cited, Marvell Technology fell more than 7%, while Arm and Intel were each down nearly 7%. Micron Technology lost 5.7%, and Nvidia fell more than 2%. The move reflected broad weakness across the chip sector during the session, with multiple major semiconductor names posting sizable losses at the same time. The figures cited were attributed to MSX.COM data in an Odaily newsflash.

The Philadelphia Semiconductor Index widened its loss to 5%, according to data from MSX.COM, with semiconductor stocks broadly trading lower.

Among individual names, Marvell Technology fell more than 7%. Arm and Intel were each down nearly 7%, Micron Technology lost 5.7%, and Nvidia fell more than 2%.

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