Chip Stocks Tumble From Record Heights, Lead Tech Wreck

Licensing

10:05 AM ET 06/23/2026

Chip stocks plunged on Tuesday, leading a broader tech stock rout, just one day after the Philadelphia semiconductor index, known as SOX, hit a record high. In morning trades on the stock market today, the SOX slid more than 5%. On Monday, the SOX, which includes the 30 largest semiconductor stocks traded in the U.S., rose 2%. It notched an…