U.S. Semiconductor Stocks Plunge as Intel Falls Over 26%
On October 30, the U.S. semiconductor sector plunged, with the Philadelphia Semiconductor Index falling 5.67%. Intel dropped over 26%, AMD declined by more than 10%, SanDisk fell 8.38%, NVIDIA was down 2.51%, and the ProShares Ultra Semiconductors ETF (SOXL) tumbled over 20%.
U.S. Semiconductor Stocks Plunge, with Intel Falling Over 26%
On October 30, U.S. semiconductor stocks fell sharply, with the Philadelphia Semiconductor Index dropping 5.67%. Intel declined by more than 26%, AMD fell over 10%, SanDisk dropped 8.38%, and NVIDIA fell 2.51%.
Storage and semiconductor equipment stocks were broadly under pressure, with the ProShares Ultra Semiconductors ETF (SOXL) plunging over 20%.
Cailian Press