🔔 U.S. semiconductor stocks lost $1.3 trillion in market value in a single day, with the Philadelphia Semiconductor Index posting its largest single-day decline since 2020. HuoXing Finance reports that on June 6, U.S. semiconductor stocks plunged sharply on Friday, with the combined market value of U.S.-listed chip manufacturers erasing approximately $1.3 trillion. Major AI-related stocks including NVIDIA, Micron Technology, and AMD all suffered steep declines. This followed Broadcom’s quarterly report this week, which revealed that demand for its custom AI chips fell short of elevated market expectations—a development that continues to reverberate across Wall Street. The Philadelphia Semiconductor Index dropped 10.3% on Friday, marking its largest single-day decline since the March 2020 COVID-19 market shock. The index fell 12% over Thursday and Friday combined. However, prior to this pullback, the index had reached an all-time high on Wednesday; even after Friday’s sell-off, it remains up 73% year-to-date. Among individual stocks, NVIDIA, the world’s most valuable chipmaker, fell about 6%, erasing over $300 billion in market value; Micron Technology dropped 13%, losing roughly $150 billion; Marvell Technology slid 17%, and AMD fell nearly 11%. Broadcom declined 7.9% on Friday, with a two-day cumulative drop nearing 20%. Dennis Dick, a trader at Triple D Trading, noted that many investors had been “blindly buying the dip,” a strategy that had worked well until it ended on Friday. Additionally, stronger-than-expected U.S. employment data fueled concerns over higher interest rates, dampening overall market risk appetite and causing the S&P 500 to fall 2.6%. Ohsung Kwon, Chief Equity Strategist at Wells Fargo, stated that the semiconductor sector had become severely overbought, triggering the sell-off—but he does not believe this signals the end of the semiconductor bull market. https://t.co/pGu0fVbdWJ