The Philadelphia semiconductor index, known as SOX, fell into bear market territory on Friday but chip stocks later rebounded.
Chip Stocks Enter Bear Market But Roar Back. Astera Labs Continues Slump.
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01:32 PM ET 07/17/2026
The Philadelphia semiconductor index, known as SOX, on Friday fell more than 20% from its peak in late June. That put chip stocks officially in a bear market. But shares later rebounded. The SOX, which includes the 30 largest chip stocks traded in the U.S., dropped as much as 23.6% on Friday from its June 22 high. But the index…
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Chip stocks plunged on Tuesday, one day after the Philadelphia semiconductor index, known as SOX, hit a record high.
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