Semiconductor stocks fell 5% amid rising oil prices and Treasury yields. Alphabet's chance to be the second-largest company by market cap on July 31 at 26% YES.

Semiconductor stocks fell 5% amid rising oil prices and Treasury yields. Alphabet's chance to be the second-largest company by market cap on July 31 at 26% YES.

Chip stocks declined as AI spending concerns, SK Hynix's sharp fall and profit booking hit Nvidia, AMD, Micron and other semiconductor shares.