Chip-related equities decline in early trading, with multiple major manufacturers and suppliers posting losses despite a broader rise on Wall Street. NDTV reports that on Monday, several semiconductor and chip-linked companies drop by more than 5%. The decline includes AMD, SK Hynix, Intel, Micron and Broadcom, with the biggest moves described as slumps of up to about 5%. The reports indicate that the weakness is concentrated across both memory makers and chip designers and is not limited to a single company or segment. At the same time, the overall market on Wall Street is described as rallying, underscoring that the selloff is specific to chips rather than a uniform selloff across all sectors. The sources provided do not attribute the move to a single driver such as earnings, guidance, macro data, or regulatory developments, but they collectively characterize the session as one where chip stocks underperform even as other markets recover.
Chip stocks fall sharply as AMD, SK Hynix and Micron drop up to 5%
Chip-related equities decline in early trading, with multiple major manufacturers and suppliers posting losses despite a broader rise on Wall Street. NDTV reports that on Monday, several semiconductor...
- AMD, SK Hynix, Intel, Micron and Broadcom fall in Monday trading.
- Some of the declines are reported as reaching roughly 5% or more.
- The chip selloff occurs even as Wall Street is described as rallying.
- The losses span multiple parts of the semiconductor industry, including memory and chip-related firms.
AMD, SK Hynix, Intel, Micron and Broadcom slumped over 5% on Monday.
10 hours agoAMD, SK Hynix, Intel, Micron and Broadcom slumped over 5% on Monday.
10 hours ago
KOSPI rises on tech rebounds amid easing Iran tensions and investor focus on semiconductors
South Korea’s KOSPI trades higher on Friday, driven by renewed buying in technology—especially semiconductor stocks—afte...
Asia stocks rise following Wall Street gains as oil prices hold steady
Asia markets open higher as trading resumes after moves on Wall Street. Multiple reports say the region’s gains are led...
Dave Bautista in talks to replace Ryan Hurst as Kratos in Amazon’s God of War series
Multiple outlets report that Dave Bautista is in negotiations to play Kratos in Amazon Prime Video’s live-action God of...