The PHLX Semiconductor Index fell nearly 20%, erasing $1.5 trillion in value. Analysts watch Bitcoin ETF inflows for signs of capital rotation into crypto.

Semiconductor stocks have lost $1.5 trillion since late June as AI enthusiasm fades. Memory chips are in bear market territory, and crypto capital flows may

US semiconductor stocks lost over $1 trillion in market value as Nvidia, Micron, and Broadcom led a sharp selloff. Bitcoin held steady amid the turmoil.