The Philadelphia Semiconductor Index has fallen 20% from its peak after a 105% AI-driven rally, dragging Bitcoin and AI tokens lower.

AI chip stocks lost over $1 trillion in market value in July 2026 as custom silicon from OpenAI, Amazon, and Cerebras challenges Nvidia's GPU dominance.

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

As July commenced, global tech stocks faced a notable decline, predominantly driven by chip shares. This drop indicates investor profit-taking alongside worries regarding the…