The PHLX Semiconductor Index (SOX) fell 10.26% on June 5, its worst single-day drop since March 2020, wiping over $1 trillion in chip stock market value.

The Philadelphia Semiconductor Index dropped 2% after Broadcom's AI chip revenue forecast missed Wall Street estimates by $1.2 billion despite record Q2

June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced…

By Hannah Pedone and Britney Nguyen

Shares of technology companies slid as traders dumped high-flyers in the sector in anticipation of rising interest rates.

The SOX semiconductor index plunged 10.3%, erasing over $1 trillion in chip stock value as Broadcom's weak AI demand outlook hammered Micron and Marvell

The PHLX Semiconductor Index (SOX) fell 10.26% on June 5, its worst single-day drop since March 2020, wiping over $1 trillion in chip stock market value.

US chipmakers lost $1.3 trillion in market value on June 5 as the semiconductor index posted its worst day since March 2020, dragging crypto markets down

US chipmakers lost $1.3 trillion in market value as the PHLX Semiconductor Index fell 10.3%, dragging crypto markets down $130 billion alongside the

Chip stocks are bounding back Monday, but the rebound doesn't mean tech investors are in the clear, according to Mike Khouw.