U.S. semiconductor shares fell sharply, according to data from MSX.COM, with the Philadelphia Semiconductor Index dropping 5.67%. Among individual names, Intel fell more than 26% and AMD lost more than 10%. SanDisk declined 8.38%, while SK Hynix dropped 6.93%, Micron Technology fell 5%, Nvidia lost 2.51%, and TSMC slipped 3.69%. Memory and semiconductor equipment stocks were broadly under pressure. The Direxion Daily Semiconductor Bull 3X Shares ETF, traded under the ticker SOXL, fell more than 20%. The move reflected broad weakness across the semiconductor segment rather than losses limited to a single company.
U.S. semiconductor stocks moved sharply lower, according to MSX.COM data, with the Philadelphia Semiconductor Index down 5.67%.
Among individual stocks, Intel fell more than 26%, AMD dropped more than 10%, and SanDisk lost 8.38%. SK Hynix declined 6.93%, Micron Technology fell 5%, Nvidia slipped 2.51%, and Taiwan Semiconductor Manufacturing Co. (TSMC) was down 3.69%.
Memory and semiconductor equipment shares were broadly under pressure, while the Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) fell more than 20%.
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