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

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

AI chip stocks lost $1.3 trillion in value as Nvidia, AMD and Micron plunged amid Broadcom concerns and fading hopes of US rate cuts.