Micron surged 10% Monday after Friday's $1.3T chip rout. But put options on the semiconductor ETF hit an all-time high as traders hedge the AI trade's volatility.

By Hannah Pedone and Britney Nguyen

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