The Philadelphia semiconductor index, known as SOX, fell into bear market territory on Friday but chip stocks later rebounded.

Chip stocks fell hard for the second straight trading session on Thursday, led by declines for memory-chip makers such as SK Hynix.

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…