Semiconductor rout drains over $1 trillion from markets
TL;DR Summary
A broad selloff in US chipmakers erased more than $1 trillion in market value as AI-focused names slid after Broadcom's weak results; Nvidia fell about 6% (removing over $300 billion in value), Micron slid around 11% (about $127 billion erased), and AMD dropped roughly 10%, with the PHLX semiconductor index down nearly 8.5% and the S&P 500 down about 2.3%.
- Chip selloff erases over $1 trillion in stock market value Yahoo Finance
- Chip slump erases $1.3 trillion in stock market value Reuters
- Memory-Chip Stocks Micron, Sandisk Get Their Wings Clipped Investor's Business Daily
- Micron suffers record market-cap wipeout as Broadcom casts a shadow over chip stocks MarketWatch
- Why Is Micron Stock Falling Today? A New Warning Points to an Early Peak. Barron's
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