Micron and Intel led a semiconductor selloff after Broadcom's Q2 earnings missed AI chip expectations, dragging SOXX down 10% and SOXL down 30% in a single

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.

The relief rally in tech stocks crumbles on Tuesday, as chip stocks plummet with AMD and SOXL among biggest losers.