Odaily Planet Daily report: According to MSX.COM data, at the close of U.S. markets, semiconductor stocks suffered heavy losses, with the Philadelphia Semiconductor Index dropping 7.2%—its largest decline since June. Intel fell 28.58%, marking its biggest single-day drop in over four decades. SanDisk declined more than 13%, Qualcomm dropped over 11%, AMD fell over 10%, ARM slid over 9%, Seagate Technology, Western Digital, and Applied Materials each dropped over 7%, ASML and Lam Research fell over 6%, while TSMC and Broadcom declined over 5%.
Philadelphia Semiconductor Index Drops 7.2%, Intel Falls 28.58%
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Summary
The Fear and Greed Index dropped sharply as the Philadelphia Semiconductor Index fell 7.2%, its largest decline since June. Intel plunged 28.58%, marking its worst day in over 40 years, while SanDisk, Qualcomm, AMD, and ARM each declined between 9% and 13%. On-chain data reveals significant selling pressure in the sector, with no immediate signs of a rebound.
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