U.S. semiconductor stocks plunge, Philadelphia Semiconductor Index falls over 7%

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The Fear and Greed Index dropped sharply as U.S. semiconductor stocks plunged, pulling the Philadelphia Semiconductor Index down more than 7%. Intel, AMD, and Qualcomm all experienced significant losses. On-chain data reveals a sudden shift in market sentiment, with large-cap tech names facing pressure. Traders are monitoring for signs of stabilization amid the sell-off.

Odaily Planet Daily report: According to MSX.COM data, U.S. semiconductor stocks plunged collectively, with the Philadelphia Semiconductor Index falling 7%. Individual stocks: Intel dropped 28.33%, AMD fell 9.64%, Qualcomm declined 11.30%, SanDisk dropped 11%, ARM fell 10.70%, Broadcom declined 5.36%, NVIDIA fell 3.56%, Micron Technology dropped 5.01%, SK Hynix fell 7.63%, and TSMC declined 5.33%.

Additionally, semiconductor equipment stocks declined in tandem: Applied Materials fell 7.04%, Lam Research dropped 6.50%, and ASML slid 5.67%. The 3x leveraged semiconductor ETF (SOXL) declined over 24%.

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