Odaily Planet Daily report: According to MSX.COM data, the U.S. semiconductor sector declined sharply, with the Philadelphia Semiconductor Index falling 5.67%. Individual stocks: Intel dropped over 26%, AMD fell more than 10%, SanDisk declined 8.38%, SK Hynix dropped 6.93%, Micron Technology fell 5%, NVIDIA declined 2.51%, and TSMC fell 3.69%. Memory and semiconductor equipment stocks generally came under pressure, with the 3x leveraged semiconductor ETF (SOXL) dropping over 20%.
U.S. semiconductor sector plunges, SanDisk drops over 8%
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Summary
The Fear and Greed Index dropped sharply as the U.S. semiconductor sector plunged, pulling the Philadelphia Semiconductor Index down 5.67%. Intel fell over 26%, AMD more than 10%, SanDisk 8.38%, SK Hynix 6.93%, Micron 5%, and NVIDIA 2.51%. TSMC lost 3.69%. Storage and equipment stocks also declined, with the 3x Leveraged Semiconductor ETF (SOXL) dropping over 20%. ETF inflows have slowed amid the sell-off, reflecting broader market anxiety.
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