U.S. chip-related stocks fell broadly during intraday trading, according to market data cited by ChainCatcher from Rootdata. Intel posted the steepest decline in the group, dropping 28.1%. Arm and Advanced Micro Devices also saw double-digit losses, down 10.2% and 10.1%, respectively. Other semiconductor names moved lower as well, including Marvell Technology, Lam Research, Micron, Qualcomm, ASML, Applied Materials, Broadcom, Taiwan Semiconductor Manufacturing Co., KLA, and Nvidia. The reported declines ranged from 7.4% to 3.1% across the rest of the list. The move reflects a broad sell-off in chip concept stocks during the U.S. trading session, based on the Rootdata snapshot referenced in the report.
U.S. chip-related stocks were broadly lower during intraday trading, according to Rootdata market data cited by ChainCatcher.
Intel (INTC.O) fell 28.1%, Arm (ARM.O) dropped 10.2%, and Advanced Micro Devices, or AMD (AMD.O), declined 10.1%. Marvell Technology (MRVL.O) was down 7.4%, while Lam Research (LRCX.O) fell 5.6%.
Micron (MU.O) and Qualcomm (QCOM.O) each lost 5.5%. ASML (ASML.O) was down 5.1%, Applied Materials (AMAT.O) fell 4.7%, and Broadcom (AVGO.O) dropped 4.1%.
Taiwan Semiconductor Manufacturing Co. (TSM.N) declined 3.8%, KLA (KLAC.O) fell 3.6%, and Nvidia (NVDA.O) was down 3.1%.
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