According to ME News, on May 12 (UTC+8), MSX data showed that the Nasdaq Composite Index fell below 26,000 points, trading at 25,999.41, down 1.05% on the day. The semiconductor and chip sector declined collectively: NVIDIA fell 0.6%, TSMC dropped 2.67%, Broadcom declined 1.52%, Micron Technology slid 6.08%, AMD fell 3.06%, Intel dropped 7.01%, ASML declined 3.63%, and Qualcomm’s losses widened to 10%, after three consecutive days of gains. (Source: ODAILY)
Nasdaq Drops Below 26,000 as Chip Sector Declines
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Summary
On-chain data shows the Nasdaq Composite fell below 26,000 on May 12 (UTC+8), closing at 25,999.41, a 1.05% decline. On-chain analysis reveals the chip sector led the losses, with Intel down 7.01%, Micron Technology down 6.08%, and Qualcomm falling 10% after three consecutive days of gains.
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