Chip stocks plunged on Tuesday, one day after the Philadelphia semiconductor index, known as SOX, hit a record high.

US chipmakers lost $1.3 trillion in market value as the PHLX Semiconductor Index dropped 10.3%, its worst day since March 2020, dragging global markets

June 23 : U.S. chip stocks stumbled on Tuesday, but the broader market's initial slump brought out bargain-hunting investors, stemming the falloff in other companies central to…